Money in old age: Many pensioners in Saxony-Anhalt face low pensions

Money in old age: Many pensioners in Saxony-Anhalt face low pensions

In Saxony-Anhalt, many people are at risk of receiving a low pension despite having paid contributions for decades. With their current earnings, almost 241,500 full-time employees subject to social insurance contributions would only receive a pension of up to 1,300 euros after 45 years of constant contributions. This is shown by the government’s response to … Read more

Housing loans: lending business of East German savings banks recovers

Housing loans: lending business of East German savings banks recovers

Consumers in eastern Germany took out loans from savings banks more frequently in the first half of the year, especially for housing. In total, savings banks in Brandenburg, Mecklenburg-Western Pomerania, Saxony-Anhalt and Saxony granted around 5.1 billion euros in loans, according to the East German Savings Banks Association. News Z+ (subscription required); Foreign trade: Germany’s … Read more