Germans become more optimistic about retirement finances as they age
Spending expectations of workers during retirement roughly matches the spending reality of retirees
The only certainty about the pension system is change
Change. That is all we know for sure about the future of Germany’s pension system following the new regulations on occupational pensions, known as the Betriebsrentenstärkungsgesetz (BRSG) enacted in 2017.
In the midst of this, how can we build trust to create happier retirees? To find out, we sought the views of workers and retirees about their journey to and through retirement.
Here are two key findings from our 2018 Global Retirement Reality Report survey, focusing on how the expectations of German workers saving for retirement compare to the realities of thosealready in retirement.
Optimism about one’s financial situation in retirement increases with age
In Germany, only 12% of the working population is optimistic about their retirement finances, but this improves with age. For those later in retirement, more than three-tenths are optimistic. This progressive improvement is a common finding across the eight countries surveyed.