Support is growing among the German population for using increased tax revenues to stabilize pensions, with about 63% of surveyed adults favoring this approach, although many are already making private retirement provisions.

Approximately half of respondents are already making private retirement savings, and nearly 70% support government incentives for investing in stocks and funds for retirement, including for children and teenagers, reflecting a shift towards investment-based retirement planning.

The survey indicates that a significant portion of respondents are concerned about poverty in retirement, with nearly 75% doubting the pension system's ability to provide sufficient financial support.

A recent YouGov survey commissioned by Postbank reveals that nearly 75% of German workers doubt the adequacy of the statutory pension to support them during retirement, leading many to consider working beyond the legal retirement age.

In response to these concerns, the German government is planning initiatives like the 'Frühstart-Rente' and 'Early Start Pension' to help children boost their future pensions through investment-based savings programs, inspired by systems in countries like the Netherlands and the USA.

To address the aging workforce and pension concerns, the government plans to reduce barriers for older employees, allowing retirees to earn up to 2,000 euros tax-free per month if they choose to work beyond retirement age, a move supported by the coalition government.

While nearly 20% of those willing to work longer require higher wages to do so, about one-third of respondents oppose extending their working years, highlighting mixed feelings about retirement extensions.

Despite efforts to stabilize pension levels with tax-funded measures until 2031, over half of the surveyed population doubts the long-term effectiveness of these policies, raising concerns about the future viability of the pension system.

Experts warn about the potential collapse of the statutory pension system as reliance on state pensions declines, emphasizing the need for diversified retirement strategies.

Over half of surveyed employees are willing to work longer, mainly in part-time roles until age 70, to maintain their standard of living, indicating a readiness to extend working lives amid pension uncertainties.