Money & WorkHow it works

How your pension contribution gets spent the same month.

A pay-as-you-go system saves nothing: contributions from workers flow straight to today's pensioners, and in return you gain a claim on the next generation. The system's return roughly equals wage growth plus population growth.

Useful: So your future pension depends less on interest rates than on how many people work then and what they earn.

Source: de.wikipedia.org

DemografieRenteSozialversicherung

Difficulty:

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