Age poverty through high rents: Experts warn of a dangerous location!

Age poverty through high rents: Experts warn of a dangerous location!

In Germany, more and more people are facing the risk of poverty in old age, especially due to rising rents and a low property rate. In a recent study, the Pestel Institute warns that the financial situation of older people is tightened by high housing costs. Matthias Günther, head of the Pestel Institute, emphasizes that rising rents push many pensioners into a precarious situation. In contrast, homeowners whose properties are paid can retire more relaxed.

A study by the Empirica research institute confirms this findings: At the beginning of the pension, owners have a net wealth as a net assets as tenants. Pensioners in particular, whose monthly net income is between 1,700 and 2,300 euros, are increasingly facing challenges. This clearly shows how important residential property can be for retirement provision.

The challenges of rental costs

The rental level in Germany has risen sharply in recent years. The constant increases in housing costs should be particularly problematic for pensioners. Juliette Küsters, who lives in a house in the Eifel in need of renovation, speaks from his own experience. She supports the 71-year-old Romain Thies in everyday life and only pays additional costs, as this is considered to be compensated for your help. However, your monthly pension of around 1,200 euros is not sufficient if you consider that rental apartments are hardly to be found in your region.

The situation is still tightened by the fact that if possible moving, the property would also be necessary. In the case of Küsters, she would have to look for a new apartment after the death of Thies, which is a real challenge in the current real estate market.

an impending poverty in old age

The low property rate in Germany plays a crucial role here. This is currently below 44 % and is the lowest value in 15 years. The President of the Federation of Turner (BDB) demands that more affordable rental apartments and social housing are made available to stop this trend.

In addition, the chief economist of the Pestel Institute criticizes the government's politics. He describes it as "political failure" that the property rate decreases continuously. The high financing costs and other hurdles, such as the real estate transfer tax, scare many potential owners. New proposals include, for example, loans with a low interest rate and the cancellation of the real estate transfer tax for self -used real estate to counteract this.

conclusion and outlook

The data of the Pestel Institute and the Empirica study on the subject of retirement provision and home ownership illustrate the extent of the problem. In order to secure the future of the pensioners, access to residential property must be facilitated. Otherwise there is a risk of increasing poverty in old age, which will not only burden those affected themselves, but also society as a whole.

The challenges in old age are increasingly greater and require urgent political measures. Initiatives of experts and associations are required to sustainably improve the situation for future generations. The question remains whether and how quickly appropriate solutions can be implemented.

Overall, your own property is still an important pillar in old -age provision, even if the individual living conditions must always be taken into account. Tenants should be aware of the risks that are associated with the dependence on rising rental prices, while owners are not allowed to neglect responsibility for maintenance and possible moves.

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