Pension increase: Viennese react to Felbermayr's controversial proposal!

Pension increase: Viennese react to Felbermayr's controversial proposal!

Wien, Österreich - A topic concerns the matters of the Austrians: the increase in the age of pension to 67 years. WiFo boss Gabriel Felbermayr proposes this drastic step to master the enormous pension expenditure. The expert points out that a quarter of state expenditure flows into the guest houses. In view of the fact that Austria has the fourth largest expenditure post in Europe compared to the economic power, Felbermayr sees urgent need for action. He emphasizes that an additional 2.5 billion euros will be necessary by 2025 to overcome the challenges that result from increasing life expectancy and associated pension costs.

The reactions of the citizens are consistently skeptical. Many feel overwhelmed with this proposal. In a survey of "today" Viennese, like Erich, emphasize that people cannot simply take what they are entitled to. "If you work your life, you should also have times when you can enjoy life," says Ille. Particularly working people in physically exhausting professions and nurses are alerted: Stefanie explains that she cannot imagine working in her profession until 67, and Eugenia adds: "I am afraid that you don't go through." These concerns illustrate the concerns of the population about the practical feasibility and their own quality of life in old age.

Who is Gabriel Felbermayr?

Gabriel Felbermayr is not only a key figure in this discussion, but also a profiled economic and research expert. He has headed the Austrian Institute for Economic Research (WIFO) in Vienna since October 2021 and is a professor at the Vienna University of Economic Affairs. Felbermayr's specialist knowledge extends over international trade theories and economic policy. His impressive career led him through various academic institutions, and he has established himself as an important voice in economic research. He is also a member of the scientific advisory board of the German Federal Ministry of Economics and Climate Protection and Chairman of the Statistical Council of Statistics Austria, which further strengthens his influence on the economic policy discussions in Austria, as shown on the WIFO website.