Number of pension age Germans projected to increase 22 pct by 2035

Submitted by pmassetti on Tue, 10/05/2021 - 17:03
Body (30.09.2021) The number of people of retirement age in Germany will rise by 22 percent by 2035, the Federal Statistical Office (Destatis) said on Thursday. The number of people aged 67 or over in the country will go up to 20 million, a 22 percent increase from 2020, the first medium-term population projection conducted by Destatis showed. The head of the Federal Employment Agency, Detlef Scheele, was quoted in the media as saying in August that Germany needed 400,000 new workers per year to replenish its labor force. The aging population was the main reason behind the shortage of workers, Scheele said.

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