Photo Gallery: Despairing about the Golden Years
Foto: Matthias Hiekel/ dpa
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Photo Gallery: Despairing about the Golden Years

Pension Armageddon Germans Fear Poverty Even After Life of Work

For decades, Germans have been able to live out their golden years in comfort. For today's younger generations, however, the retirement dream is turning into a nightmare. Increased life expectancies, an aging population, low birth rates and vanished investment returns have many worrying about a future of poverty.
Von SPIEGEL Staff
Translated from the German by Paul Cohen
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