Socio-Political Information
Germany has an average age of 45.3 years with an average lifespan of 80.2 years, which makes Germany’s residents the second oldest in the world, after Japan. The higher average age means that Germany needs to have good retirement programs to accommodate the future seniors. As the citizens age, they retire and Germany will have a smaller working class to support the retirement programs. In the future Germany may have to cut spending, and raise taxes and the retirement age, and this may anger older voters.
The higher average lifespan means that Germany has a good to excellent healthcare to allow citizens to live for more than eighty years. It also means that, with a retirement age of sixty-seven, many Germans rely on the government for money for around thirteen years. In accordance with Germany’s economic policy relating high wages to high productivity, Germany has an average salary of €43,382, with a GDP of $3.194 trillion, which is the best in the European Union and sixth best in the world. Therefore Germany has one of the highest standards of living in the world, and although the economy grew just .09 percent last year, Germany is still doing very well economically.
The higher average lifespan means that Germany has a good to excellent healthcare to allow citizens to live for more than eighty years. It also means that, with a retirement age of sixty-seven, many Germans rely on the government for money for around thirteen years. In accordance with Germany’s economic policy relating high wages to high productivity, Germany has an average salary of €43,382, with a GDP of $3.194 trillion, which is the best in the European Union and sixth best in the world. Therefore Germany has one of the highest standards of living in the world, and although the economy grew just .09 percent last year, Germany is still doing very well economically.