This article explores different retirement planning strategies through the experiences of three women with varying ages and backgrounds. Learn how early planning, mid-life adjustments, and later-stage solutions can contribute to a financially secure retirement.
German women continue to receive significantly lower pensions compared to their male counterparts. In 2023, the average pension income for women aged 65 and over in Germany stood 27% lower than that of men. Several factors contribute to this disparity, including part-time work, lower-paid jobs, and frequent career interruptions due to caregiving responsibilities. Consequently, women are more likely to face poverty in old age, with 20.8% of women over 65 at risk of poverty compared to 15.9% of men in the same age group.
