Saturday, October 21, 2017

Pension Folks in Germany

It was an interesting piece written up by ARD (public Channel One) in Germany today. It discusses German retirees....who don't live in Germany.

What few people realize is that there are around 1.7 million German folks who retire and exit the country....for various reasons.  Some want a cheaper place to live.  Some want a safer place.  Some want a chaper old folk's home.  Some want a particular lifestyle.

What the numbers say over the past two decades is that more Germans now exit the country....almost double what it was in 1990. 

Most popular location?  Italy (374,000 Germans).

Spain comes in second with 227,000.  Greece third with 101,000.

It surprised me with 69,000 folks retiring in Turkey.  Course, they can't say if these are German-Germans or German-Turks.

96,000 Germans reside in the US on retirement.  Australia has 31,000. 

The trend?  Well, it's doubled in twenty years, and I kinda expect the number to double again by 2037.  The truth is, as you retire around age 60 to 66....you only have X-amount of income and it simply doesn't work well with the idea of staying in Germany.  If you toss in the weather business.....that only complicates things with the typical snowfall and cold temperatures. 

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