I noticed this short business article on N-TV (German commercial news network) this morning....chatting over Germans leaving Germany, upon retirement.
So analysts have looked over where pensions go, and they note since the year 2000....out-of-country payments have risen from 1.1 million retired Germans living outside of the country.....to 1.5 million. But they admit....some relate to individuals who were non-German but worked in Germany for decades, to receive their retirement.
The significant number here? One out of every seven pensions....go outside of Germany.
The chief location? Switzerland leads (around 26k pensioners). Austria and the US come in second with around 24k pensions.
But the experts note that guest-workers (historically from Italy, Greece, Turkey, Yugoslavia (the former), and Spain.....are part of this story as well.
Part of a trend? The guest-worker amount is not surprising...you could have predicted that lots of guest-workers in the 1950s and 1960s....would have stayed around and earned a legit pension via Germany.
The idea of some Germans packing up and retiring outside of Germany? Yeah, that might be a surprise. It would be curious from the 24k retired Germans in the US....to see which state (likely to be Florida) has the highest number.
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