The number of premature in pension The number of “baby boomers” on the move has increased over the past year. Of the approximately six million “boomers” in retirement, 1.1 million left the labor market early, according to a new survey by the German Economic Institute (IW). The IW researchers assume that “earlier take-up of early retirement” will continue in the coming years. In total, there were 19.3 million “baby boomers” in 2024, i.e. members of particularly high-birth age groups.

In the report, the researchers identify a gap between the gradually increasing retirement age and the actual working life. The standard retirement age rose by twelve months between 2012 and 2024. During the same period, the average entry age increased “by only eight months.” The reason for this is the possibility of early retirement. “Early pensions run counter to the original policy goal of extending working lives by raising the standard retirement age,” the researchers wrote.

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