Welfare state: Too generous and too expensive? The German pension system compared across countries

Anyone who has followed the recent debates about the German pension system might get the impression that an accident is looming. "If the government does nothing, collapse will inevitably come," says economist Monika Schnitzer, referring to rising costs. Advisors to Economics Minister Katherina Reiche (CDU) even speak of a "ticking time bomb for intergenerational equity."