Germany’s Unsustainable Retiree Burden on its Shrinking Workforce


 
Decades of low fertility are causing the German working-age population to fall. Simultaneously, retirees are living longer and forming an ever-larger part of the population. These factors are causing an extraordinary decline in the number of working-age people available to support the expanding number of retirees.

Number of Working-Age People to each Dependent (65+) in Germany
The working-age population represents those aged 15 to 64. Period: 1950-2050.
Germany’s Unsustainable Retiree Burden on its Shrinking Workforce




In 1950, each German retiree was supported by over 7 people of working age. By 2050, there will be less than 2. Furthermore, the fast-expanding 65+, mostly-retired cohort cost Governments of rich countries more than the equivalent number of workers, due to unfunded pension, medical and old-age-care costs (3 time seems a minimum). Adding to this already nightmarish equation is the fact that only about 80% of the working-age population has a job due to unemployment, illness, etc. Therefore, these figures overstate the number of workers available to support retirees today. Consequently, an unprecedented and unsustainable tax burden is emerging in Germany.

More for subscribers:  
See more...The EU Faces Serious Depopulation, Starting Now
See more...The Alarming Cost of Aging Demographics
See more...See more data for Germany...
See more...See more data for the European Union...
See more...See more 'Number of Workers to Each Elderly Dependent' data...



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