Saturday, December 30, 2023, 5:06 p.m
The coming year will again be characterized by (now falling) inflation, for example through strong increases in salaries and pensions. There will be a lot of money in 2024 for heating replacements and renovations. Apart from that, there are free climate tickets for 18-year-olds, and speeders can lose their cars. All important changes at a glance.
๐ผ SALARIES & PENSIONS
Despite slowly falling inflation, there will still be strong increases in salaries in the coming year. Both the public sector and the metal workers are scratching the 10 percent mark, while in retail there is around 8.4 percent more salary. Austria’s senior citizens are due to see a significant increase in their salaries, with the exception of luxury pensions. Increasing the women’s retirement age is becoming a reality for the first time. According to WIFO, inflation could fall to 3.2 percent in 2024.
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