The demographic bomb is ticking.
It won't explode in a day, but every year more people are retiring in this country than are entering the labor market.
This will become painful when the baby boomers will soon reach retirement age.
In 1964 there were 1.4 million newborns, in 2005 less than half.
Since politicians, despite the significantly longer life expectancy of their older constituency, do not want to expect a higher retirement age or at least make longer work more flexible and significantly more attractive, the pay-as-you-go pension system will groan considerably.
Systematic saving on the capital market has been an option for decades, but is neither demanded nor made attractive by politicians. On the contrary, shares are discriminated against in terms of taxes compared to real estate, gold and Bitcoin.
This political failure should not prevent anyone from taking matters into their own hands and increasingly saving in shares.
Then the profit distributions from German and international companies would no longer largely pass us by.