Young generation in fear: where is the safe pension?

Young generation in fear: where is the safe pension?

Berlin, Deutschland - The concerns of the young generation in Germany are strongly in focus. A current youth study by metal pension, presented on Wednesday in Berlin, shows that over 75 percent of young people are afraid of poverty in old age. These numbers represent an alarming increase: in 2016 it was only 15 percent that expressed this concern. In particular, 39 percent believe that they cannot afford a family. These concerns reflect a deep uncertainty that many young Germans feel while navigating in a rapidly changing world. According to the study, young people feel increasingly under pressure, both economically and socially, which strongly influences their life planning. The Saarbrücker Zeitung reports in detail.

political settings and future prospects

The political situation seems to be disappointing for many young people. A disappearing belief in traditional politics has meant that many young people turn to radical or alternative movements. At the same time, the youth study shows that a majority of the respondents accept higher contributions to pension insurance. 44 percent are jointly responsible for financing today's pensions. At the same time, 65 percent reject an increase in retirement age, while 74 percent are against reducing the pension level. These results illustrate the desire for a fair generation contract and stronger government support for pensions. The Tagesschau emphasizes how much the young generation insists on a fairer distribution of resources.

The challenges are not only political or financial nature. Digital transformation and increasing automation bring about opportunities and risks. 65 percent of the respondents are optimistic about the future as far as the attitudes towards work are concerned. More and more young people are striving for a healthy work-life balance and try to avoid overload and permanent stress. State the data of the Federal Statistical Office that the proportion of young people in the entire population has been falling constant since 2005 further intensified the social challenges.

life realities and statistics

In 2021, 51 percent of 15 to 24 year olds were dependent on the income of their relatives, while 38 percent mostly made a living themselves. This is a decline compared to the 52 percent 30 years ago, which were dependent on their own employment.

The current situation of young people in Germany is challenging on many fronts, from financial concerns to social and political disappointments to growing awareness of climatic and social issues. However, these studies also show a glimmer of hope: the wish and willingness of the youth to actively work for their future and to participate more in political decisions.