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> Also the pensions aren't something to write home about really State pensions are around 50% of your work income. Even if that is only €50k per year in the en
by MagnumOpus 10y ago
> Also the pensions aren't something to write home about really
State pensions are around 50% of your work income. Even if that is only €50k per year in the end, that would be equivalent to the annuity from a €1 million private pension pot.
And it is backed not by a company which will go bankrupt twice over in the next forty years, but the taxation powers of the German government, which is famously good at balancing its books.
TLDR: The pensions are better than most anywhere in the world - though you also pay the price for it.
- kybernetyk 10y agoYes, now they are planned to be 50%. But in 30 or 40 years? I'd rather put the money in a private saving plan than to hand it over to the government for a vague promise of "no worry, we'll pay you somehow back".