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Germany’s 4.2 Billion Euro Boost for Family Caregivers in 2024

A financial lifeline for unpaid carers: How Germany is reshaping pensions for those who sacrifice work to care for loved ones. The numbers reveal a quiet revolution.

In the center of the picture there is a couch, on the couch there are two women sitting holding...
In the center of the picture there is a couch, on the couch there are two women sitting holding babies. On the couch there are pillows also. In the background there is a wall painted white. On the left there are desk, books and houseplant.

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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