"Germany has the highest proportion of older workers of any European Union country, official data showed Tuesday, with almost a quarter of those in employment aged between 55 and 64. Roughly 9.8 million people -- around 24 percent -- of the 40.9 million people in work in Europe's biggest economy were in this age bracket in 2024, according to Germany's statistics agency Destatis."
"The agency also noted that people were retiring later in Germany, which has a population of almost 84 million, as the statutory retirement age rises gradually to 67 by 2029. The average retirement age for women and men was 64.7 years in 2024, compared to 63 for women and 63.1 for men in 2004, it said. Experts believe it is crucial for Germans to work longer to ease the strain on the pension system as the population ages."
Germany employed roughly 9.8 million people aged 55–64 in 2024, representing about 24% of its 40.9 million workforce, the highest proportion in the European Union. The German share exceeds the EU average of about one-fifth. Population ageing and later retirements are key contributors, with the statutory retirement age rising to 67 by 2029. The average retirement age reached 64.7 years in 2024, up from around 63 in 2004. Extending working lives is viewed as important to reduce pressure on the pension system. Italy followed at 23%, while Malta had about 11%.
Read at The Local Germany
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