09/2023 – Pension Planning
ZEW Monthly // 2023
The German pension system is facing major challenges. Demographic change, which is increasingly skewing the ratio of contributors to pensioners, is creating ever greater pressure for reform. The baby boomer generation is retiring. At the same time, too few young people are entering the workforce to sustain pay-as-you-go pensions. The transformation of pensions is frequently discussed, but substantial adjustments have not yet been implemented.