Let’s say that for a while this part, talk about Retirement It produces some stress in the world population. Spain has offered a solution, although of “high risk”. In Europe they have thought that the best It is delaying itand in Denmark they have seemed little and they have postponed it until 70. In South Korea even the term “old”and in Japan retirement simply It is disappearing For work sine die.
The latter comes from Germany and opens an unknown melon.
Primary retirement plan. It CNBC had. While millions of retirees In the United States and United Kingdom They are forced to “discourage” for not having saved enough, Germany proposes a radically opposite measure: open retirement accounts for children From the age of six.
The plan, promoted by the German coalition government, contemplates contributing 10 euros per month for 12 years to all school minors, thus accumulating at least 1,440 euros per personBut the benefits that can be generated by the investment of these funds.
And more. Then, from the age of 18, young people will be able to make personal contributions and enjoy tax yields until retirement, currently set at 67. Dystopia or not, it is a policy designed not only to relieve the load of the public system, but such and as they tellalso to promote the culture of savings from childhood and prevent future generations to repeat the pattern of financial insecurity that today forces many retirees to return to the labor market.
In reverse boomers. Meanwhile, reality contrasts with force on the other side of the Atlantic. Fortune explained that the number of people over 65 who still work in the United States It has quadrupled Since the 80s, reaching almost 20% of that strip (about 11 million people), according to the Pew Research Center.
In the United Kingdom, a similar proportion of Baby Boomers and members of generation X are already “disrupting” or planning to do so. In many cases, their desires for active retirement, full of trips and personal projects, collide with insufficient piggy bank, affected by inflation, uncertainty in unrealistic markets and expectations during working years.
When time is everything. The German proposal makes even more sense when analyzing the light of the impact of compound interest, the financial mechanism that multiplies the capital accumulated over time. Financial Expert Suze Orman told Financial Expert that it has been shown that, just by investing $ 100 per month from the age of 25 and obtaining a 12% annual profitability, a young man could reach More than one million dollars When you retire.
Starting five years later would reduce that total by little more than 600,000. From that prism, imagine then what would be possible if the process begins not at 25, but at six years, it is very sweet tooth. A sustained accumulation for six decades could allow future German retirees to enjoy unthinkable financial security for many today.
Intergenerational experiment. Although some experts warn that the initial contribution is symbolic and that the passivity of the process could limit its value Educational, the German plan points to a relevant cultural and psychological dimension. Get into childhood The notion of savingsprofitability and long -term planning can modify family habits, especially in contexts where conversation about money rarely takes place.
And, if accompanied by a solid financial education and a responsible and transparent management of investments, they explain that the foundations for a more autonomous generationA, resilient and financially conscious.
Of premature retirement to savings in nurseries. No doubt, the image of a six -year -old boy with an open retirement account may seem more typical of a dystopia, but behind it hides a sadly unavoidable truth: financial sustainability in old age seems to start long before the first salaries. Germany, with its proposal of pension Earlynot only seeks to relieve the public system and redistribute the generational effort, but to prevent forced return to work that millions of retirees live in the West today.
In front of the reality of generations They must give up golden for lack of foresight or because simply They have had no choicea preventive German model is erected that bets on financial pedagogy and long -term investment as pillars of worthy retirement.
In South Korea they had already advanced it … although there they changed the purchase of toys By actions of Tesla.
In Xataka | Europe is delaying retirement age until 67. Denmark has seemed little and they have postponed it to 70 years
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