Germany’s pension crisis is political, not demographic, economist warns
Economist Axel Börsch-Supan has issued stark warnings about Germany’s pension system. He claims the current crisis stems from political choices rather than demographic shifts. His criticism extends to the government’s recent plans for stabilising pension levels.
Börsch-Supan argues that Germany’s pension system was on a stable footing in the early 2010s. Over time, he says, political decisions gradually weakened its sustainability. The economist does not blame an ageing population for the current financial strain.
Börsch-Supan’s warnings put the spotlight on Germany’s pension debate. The government’s plan to stabilise benefits now faces scrutiny, with critics arguing it risks deeper financial trouble. Without political compromise, the system’s future remains uncertain.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
