Germany has proposed raising the retirement age to 73 to prevent the collapse of the pension system A new scientific advisory board under the German Ministry of Economy stated that there is almost no time left for reforms. According to experts, Germany’s economy has been stagnating for years, while the demographic situation continues to worsen. The proposal sparked outrage in Berlin: just recently, Economy Minister Katharina Reiche suggested raising the retirement age to 70, and even that faced heavy criticism. The average life expectancy in Germany in 2023 was about 81.2 years.

Posted by Fred Bassett