Material standard of living and relative poverty of the elderly in Germany in comparison

The analysis refers to the current state and changes in the standard of living of the elderly (here defined as those 65 and older) with a particular focus on poverty in Germany. This analysis addresses the current public debate on the material situation of the elderly within the broader context of the sustainability of the pension system as well as issues of intergenerational justice. While some consider the situation of the elderly as privileged – particularly compared to previous generations – others warn against the upcoming of a new poverty among the elderly.

The analysis of living standards of the elderly focuses on income, but also includes expenditures and wealth. Relative income positions, indicators of overall inequality and polarisation are also in the scope of the presentation. A particular focus will be put on poverty in terms of income as well as expenditures. Our analysis systematically compares the situation of the elderly with two younger other age groups (20-54 and 55-64 years) as well as the general population. For the issue of poverty the situation in Germany will be compared with other European countries too. This study is based on German and European official micro data sets as well as the German Socio-Economic Panel Study.