[Wirtschaft] Deutsche Rentenversicherung - Altersarmut
Germany has a pay-as-you-go pension systems. So the part of the population of working age pays for people of retirement age. And after joining the pension the former working people are provided by the next generation.
By paying into the statutory pension one acquires the right to receive a pension. This pension is compulsory for employees. Self-employed people, freelancers and those not in employment can make voluntary contributions.
Pension Level
If one compares pension adjustments with the inflation rate two things become clear. In the old federal states pension adjustments correspond to the inflation rate and the new federal states have been able to somewhat catch up in comparison. But that also means that the real purchasing power of statutory pensions has not increased. The increase in productivity of the economy cannot therefore be consumed by the statutory pension. Incomes must increase by the inflation rate plus the increase in productivity of the economy (golden wage rule) otherwise more value will be produced but cannot be consumed.
[3] [4]Risk of Poverty
As already derived the main revenue of the pension insurance are the contributions and were shortened. In addition to regular pensions the pension insurance as the main expenditure also pays for additional non-insurance benefits.
And the Sbotage of the pension insurance can be seen at the poverty rate for seniors. In 2014 the poverty rate for pensioners even exceeded the poverty rate of the entire population. Und in 2020 the poverty rate for seniors exceeded the poverty rate of the entire population.
[1] [2] [Economics] German Pension System - How well it works despite Sabotage[Economics] German Pension System - What a Stock Pension could bring and what not
[Economics] German Pension System - Comparison with Austria
Src:
[1] Armut in Deutschland
https://de.statista.com/themen/120/armut-in-deutschland/#topicOverview
[2] Altersarmut - Alterseinkommen und Altersarmut 2024-04-30
https://www.bpb.de/themen/soziale-lage/rentenpolitik/288842/altersarmut/
[3] Rentenanpassungen der Bundesregierung für West- und Ostdeutschland in den Jahren von 1995 bis 2024
https://de.statista.com/statistik/daten/studie/4806/umfrage/rentenanpassungen-der-bundesregierung-seit-1999/
[4] Germany Inflation Rate
https://tradingeconomics.com/germany/inflation-cpi
Kommentare
Kommentar veröffentlichen