Retirement Crisis Grips Germany
Economy / Finance

Retirement Crisis Grips Germany

A record number of retirees in Germany are increasingly reliant on state support, according to newly released data from the Federal Statistical Office (Destatis). Figures published on Tuesday indicate that 742,410 pensioners required the supplementary social benefit program, “Grundsicherung im Alter” (basic income support in old age), as of March 2025. This represents the highest number ever recorded.

The increase signifies a notable shift from March 2024, when 719,330 individuals were dependent on the program – a difference of 23,080 people. Looking further back, the reliance on state aid has grown significantly over the past four years. In March 2021, the figure stood at 569,865, a 30.3% increase to the current total of 742,410.

The trend has prompted commentary from political figures. Sahra Wagenknecht, founder of the “Bündnis Sahra Wagenknecht” (BSW) party, described the situation as a “scandal” highlighting the growing problem of poverty among the elderly in Germany. The rising dependence on basic income support underscores the ongoing challenges associated with securing financial stability in retirement for a growing segment of the German population.