One Percent Realtor Austin

Unlike the developing countries in South Asia and in parts of Africa; Europe is not experiencing population boom as a result of improving living conditions and rising life expectancy. Germany is losing people, especially the young, as the country has a low birth rate but increased life expectancy is pushing the grey population.

Population decline

According to a report published at The Local, "the population of working age people is expected to drop by as much as 34 percent by 2060, forcing greater immigration in order to prop up the country's generous welfare system for elderly Germans. "

That is a staggering statistic. Loss of 34% of the working age population could mean a huge draw back for the German economy and also for German society. As Germany is a international economic powerhouse, this decline could have global impact.

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