“We need more money for pensions”

by time news

2023-12-25 13:58:36

Once a year there is a letter in Herbert Pohl’s mailbox that gives him a glimpse into his future. He actually doesn’t want to open it at all. As a musician, he sees himself as an artist who lives in the present, characterized by an extraordinary optimism that everything will somehow work out. But the future described in the letter is getting closer and closer. After all, he will soon be 61 years old. That’s probably why Herbert Pohl opens the letter after all.

Sarah Huemer

Editor in the “Value” department of the Frankfurter Allgemeine Sonntagszeitung.

It is his annual pension information. It says he can expect 1,400 euros per month. Taxes and fees such as health insurance or nursing care insurance are deducted from this. Herbert Pohl knows that there isn’t much left. But considering that he has been working part-time for many years, it is not a small amount. According to her letter, his wife Elise receives around 1,300 euros gross from the pension insurance. They actually know that they should pay more attention to their retirement planning. Actually. But the question only occasionally flashes through their minds: “Do we have enough money for retirement?”

#money #pensions

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