The statement is correct, but the analysis is not for the faint of heart: Norbert Blüm in May 1986.
Image: action press
Statutory pension insurance is a losing business. At least if the maximum contributions had been invested in German shares. An analysis for strong nerves.
I.I particularly appreciated Norbert Blüm, the long-time Minister of Labor and Social Affairs! He was honest skin, if I may put it that way, and I admired how he worked his way up and never lost sight of the worries and needs of ordinary people. His appearance 34 years ago was downright legendary when the Hessian announced with humorous words: The pension is ’sischä! The statement is correct, as I will calculate in a moment, but the analysis is not for the faint of heart.
A “suffering” manager asked me how much money a woman or a man would have in their accounts if the maximum contributions that had flowed into the pension fund in the past 45 years had been invested in German shares. Here is the answer.