Preparing for retirement from childhood? In Germany, the question is being asked
While in France, debates over pension funding revolve around the age at which people stop working, Germany is considering—among other things—the implementation of a system allowing people to start saving from the age of 6. But within the government, conservatives and social democrats are struggling to agree on a common solution.
"Pensions are the Merz government's priority," announces the Munich Merkur . Barely having come to power, the Christian Democrat Friedrich Merz,the new German Chancellor , called on his Minister of Labor and Social Affairs, the Social Democrat Bärbel Bas, to take charge of this issue, which he considers particularly urgent.
“With the retirement of the baby boom generation, Germany is losing a large number of contributors, while at the same time the number of pensions to be paid out is increasing.” And at the same time, more and more elderly people are falling below the poverty line in a country hit by inflation and recession.
According to Der Spiegel , neither the conservatives nor the social democrats want to set up a public pension system, a significant part of which would be financed by capitalization, a project that was nevertheless supported by the previous government. “The SPD considers this principle too capitalist and neoliberal, even though it comes from the Swedish Social Democrats,” explains the centrist weekly. The conservatives now have their own project, 'early retirement preparation', according to which 10 euros could be invested each month, for each child, from the age of 6 until they reach adulthood.”
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