Poverty in old age in Germany! More than every fourth pensioner in Germany has less than 1000 euros net available. The proportion of women is particularly high. In addition, more and more old people continue to work after retirement.
More than a quarter of pensioners in Germany have a monthly net income of less than a thousand euros. The Federal Statistical Office in Wiesbaden published figures for 2021 on Thursday – 4.9 million pension recipients and thus 27.8 percent fell below this threshold. For women, the proportion was significantly higher at 38.2 percent – for men it was only 14.7 percent.
Older people are also much more likely to be employed than they were ten years ago. According to the statisticians, 12.9 percent of those aged 65 to under 75 were working in 2021. Ten years earlier it was 7.0 percent. Those who had a university degree were more likely to be employed, and the proportion among men was higher than among women.
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For 40.8 percent of older workers, the job was the main source of livelihood. For the majority of those in employment aged 65 to under 75 (55.9 percent), however, this income was additional income, they lived primarily on their pension or their assets.