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Taking care of the pension of their citizens is a State Job

A study has found out that One in two younger adults does not take care of themselves. They also believe that it's the government responsibility to take care of them. More and more respondents point to politics

Young people are increasingly relying on the state to take care of their pensions. Their own austerity efforts, however, they screw back with this justification. This is suggested by the results of a youth study on the subject of old-age provision published by the "Metallrente" pension scheme.


 In part, the declining willingness to save old age in the group of 17-27, year olds can probably be explained by an increasing proportion of students and low-interest rates. Compared to 2010, pension savings was noticeably strong in the group of full-time employees, of all people.

Co-editor of the repeated representative survey of 2,500 young people since 2010 is the social researcher Klaus Hurrelmann and his colleague Christian Traxler of the "Hertie School of Governance". The "metal pension" is a provident provider supported by the metal collective bargaining parties.

A total of 48 percent of young people surveyed indicated in the new study that they regularly or at least occasionally pay for old age. This is 7 percentage points less than in 2010. Only the percentage of those who regularly save for old age has dropped, from 39 to 32 percent. 

According to this, 52 instead of 45 percent today are not saving their own age by saving. Particularly striking: In 2010, 76 percent of full-time employees had their own pension plans in addition to the statutory pension, so now these are only 62 percent. 

Heribert Karch, managing director of "Metallrente" and former department head of IG Metall, attributed this to poor working conditions on Monday. "Low incomes and temporary work make it difficult for young people today to regularly save for their old age and take systematic care," he said.

 However, according to official statistics, the share of temporary workers has fallen by 1.2 percentage points since 2010 to 6.9 percent. The share of full-time employees whose wages are less than two-thirds of the average wage fell from 22 to 20 percent.

Respondents who do not save for old age, however, justify this more and more often with the view that the state has jurisdiction: In 2010, only 9 percent of this group of pension plans "fully and completely" as a state task, then this proportion has now 17 Percent almost doubled. If one adds those who regard old-age provision "more" as a state task, then this proportion has increased from 42 percent to 56 percent.

In addition, the overall decline in the precautionary rate, in addition to deterrent low-interest rates, may have to do with the increased proportion of students, who usually have less money left over than employees. 

According to official data, the proportion of students in the age group surveyed has risen from 21 to 28 percent since 2010. For Traxler, the study draws "an ambiguous picture": On the one hand, more and more young people emphasized that they "live in the here and now". On the other hand, they showed "a clear awareness of the problem" that more precaution was needed.

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