German early retirement 'Rente mit 63' costs Gen Z €10,000 each, economist says

A German economist calculates that the 'Rente mit 63' early retirement scheme will cost each member of Gen Z approximately €10,000 in foregone benefits or higher contributions. The claim is based on a model, not official data, and is part of a political debate ahead of the 2026 federal election. It matters because it frames intergenerational equity in Germany's pension system, potentially influencing policy positions.

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