Germany’s 4.2 Billion Euro Boost for Family Caregivers in 2024
Germany’s long-term care insurance system has paid out a record 4.2 billion euros in pension contributions for family caregivers in 2024. The funds support over one million people who reduce their working hours to look after relatives at home, as reported by Yahoo Finance during the German Pension Insurance Federation's annual sessions in Berlin. Federal Labor Minister Bärbel Bas (SPD) opened the Federal Representative Assembly, highlighting the growing financial support for caregivers. The rising number of caregivers and higher pension contributions show the system’s expanding role in supporting unpaid carers. With millions depending on relatives for daily care, the financial backing helps secure their future pensions. The trend suggests growing reliance on family networks for long-term care in Germany, as noted by Yahoo Finance.
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