This isn’t really anything special about germany btw, the very concept of retirement depends upon this - even when it’s entirely private retirement funds. The difference with those is mainly that instead of everyone not getting shit, a lot of people just don’t get to retire at all so the ones that were able to save up money can. Which is almost what we have now anyway, except all retirees at least get some small amount. Money in your account is only worth something as long as someone else is willing to work for that money, and that will always depend on the size of the workforce. It’s not a germany problem, it’s not even a capitalism problem (just the inequality created by it is).
Later retirement age is the one thing I’m not vehemently against, in part because it seems inevitable, in part also because medical science advancing makes it more feasible (and also increases the time people have after retirement).
This isn’t really anything special about germany btw, the very concept of retirement depends upon this - even when it’s entirely private retirement funds. The difference with those is mainly that instead of everyone not getting shit, a lot of people just don’t get to retire at all so the ones that were able to save up money can. Which is almost what we have now anyway, except all retirees at least get some small amount. Money in your account is only worth something as long as someone else is willing to work for that money, and that will always depend on the size of the workforce. It’s not a germany problem, it’s not even a capitalism problem (just the inequality created by it is).
Later retirement age is the one thing I’m not vehemently against, in part because it seems inevitable, in part also because medical science advancing makes it more feasible (and also increases the time people have after retirement).