Rising Numbers of German Retirees Continue to Work Post-Retirement

Many retirees in Germany are driven to continue working due to financial necessity, with a significant portion citing insufficient pensions as a key factor.

Approximately 13% of German retirees aged 65 to 74 are still employed, often working reduced hours.
Financial necessity is the primary reason for continued employment among retirees, with 33% indicating their pensions are inadequate.
The average pension in Germany was reported at 1,102 euros in 2023, highlighting potential financial strain for retirees.
Men and individuals with higher educational attainment are more likely to work past retirement age compared to women and those with lower education levels.
The German pension system has seen a decline in the replacement rate from over 53% to 48% since the mid-2000s, contributing to financial challenges for retirees.