Germany has proposed raising the retirement age to 73 in an effort to prevent the collapse of its pension system. This proposal comes from a new scientific advisory board established under the German Ministry of Economy, which indicated that there is little time left for necessary reforms.
Experts have noted that Germany"s economy has been stagnating for several years, while the demographic situation continues to deteriorate. The proposal has generated significant backlash in Berlin. Recently, Economy Minister Katharina Reiche suggested raising the retirement age to 70, a proposal that also faced considerable criticism.
As of 2023, the average life expectancy in Germany is approximately 81.2 years.
For more on related coverage, see recent developments in political discussions surrounding reform measures.
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