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Germany’s retirees are doing better and better financially: on average, they have around 14 percent more money at their disposal than four years ago. There are reasons for this.
Married couples over 65 have an average of 2,907 euros net per month. That is 14.3 percent more than in 2016, as is clear from the Federal Government’s 2020 pension report, which is available for the newspaper “Bild”. In addition to pensions, other income such as interest and rent are also taken into account.
According to information from the newspaper, older couples in the West have an average of 2,989 euros net, in the East it is 2,577 euros. Single pensioners in the west have 1,875 euros, in the east 1,563 euros, single pensioners 1,617 (east: 1,567) euros.
Pensions go up
Therefore, the main sources of income are pensions. Couples married together receive an average gross pension of 1,961 euros per month. For single men it is 1,404 euros, for single pensioners 1,388 euros. Retired civil servants receive between 2,370 euros (postal employees) and 3,490 euros (civil servants) of gross pension per month. For ex-officers, the amounts range between 2,100 euros (Post Office) and 3,590 euros (military).
Also, many seniors receive additional income, such as interest or rental income. 61 percent of married couples in the West have an average of 1,539 euros in addition to their pension. In the east, 49 percent of couples receive additional income of an average of 1,080 euros.
The Federal Government’s pension report appears every four years, most recently in 2016.
