The issue of pension poverty is increasingly prevalent in Germany, with a significant portion of the elderly population receiving pensions that fall below the established minimum living standard. Recent statistics reveal that the situation is worsening, as more seniors struggle to meet their basic needs.

As of the end of 2023, the minimum living standard for pensioners, as defined by the basic security benefits in old age, was set at 942 euros per month. Approximately 7.9 million individuals in Germany were reported to receive monthly pensions of less than 950 euros. This figure indicates that 42.1% of all pensions are at or below the threshold of basic security.

Increase in the Number of Low Pensions

Comparative data from 2022 show a notable increase in the number of retirees receiving inadequate pensions. The current figures represent a 9.5% increase, translating to nearly 800,000 additional elderly individuals whose pensions are at or below the basic security level. Just two years prior, this number stood at 7.2 million, accounting for 38.8% of all pensions.

Disparities Among Different Demographics

Among the 7.9 million seniors whose pensions do not meet the minimum living standards, data indicate that 1.5 million are foreign retirees. This group is disproportionately affected, with 73.5% of foreign pensioners receiving less than 950 euros monthly. In contrast, the rate among German pensioners is 38.2%.

Government Response and Social Support

These findings were made public following a request by a member of the AfD party. In response to the growing concern over pension adequacy, a representative from the Federal Ministry of Labor highlighted that a low pension does not necessarily imply financial need. There may be supplementary social welfare entitlements available to those with low retirement incomes.

Conclusion

The escalating rates of pension poverty in Germany call for urgent attention from policymakers. As more elderly citizens find themselves struggling to survive on insufficient pensions, the need for a robust social safety net and comprehensive reforms in pension policies becomes increasingly critical. Understanding the demographics affected and addressing the disparities will be key in tackling this pressing issue.