Saturday, December 5, 2020

Tag: Germany Pensions System Crisis

Germany Pensions System Crisis

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by Martin Armstrong, Armstrong Economics:
The German publication DWN has come out and warned that the German Pensions system is collapsing. They wrote:

The core problem of the German economy and society is miserable demography. A positive development, namely the increasing longevity of the population, is an extremely negative groundbreaking, namely a small number of children. This is reflected in one of the lowest birth rates in the world – and this has been the case for decades. The record-breaking birth rate is by no means rooted in a biological, but in deeper social causes and inadequate policies at different stages. One consequence is a pension system that is not sustainably financed , because the ratio of contributors and receivers will drastically deteriorate.