This statistic illustrates the alternatives that people list as their financial backup in case of having to stop working earlier than expected in Germany as of 2017. It can be seen that a total of 49 percent of the respondents claimed to count on employer-sponsored or individually purchased disability insurance. A reliance on personal savings or on a spouse or partner working completed the top three, with 41 percent and 30 percent of respondents respectively stating these as their back-up options in the event of having to stop working. The least popular back-up plan in Germany was to take a loan or loans from the bank with only three percent of respondents stating this as of 2017.
Germany: What is your “backup plan” for an income in case you are unable to continue working?
The full question read: "Which, if any, of the following are part of your “backup plan” for an income in the event that you are unable to continue working due to ill health or job loss?"
Information regarding the scale and index methodology can be found on a dedicated Aegon page.
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Aegon. (June 6, 2017). Germany: What is your “backup plan” for an income in case you are unable to continue working? [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/452590/backup-plan-for-forced-early-retirement-germany/
Aegon. "Germany: What is your “backup plan” for an income in case you are unable to continue working?." Chart. June 6, 2017. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/452590/backup-plan-for-forced-early-retirement-germany/
Aegon. (2017). Germany: What is your “backup plan” for an income in case you are unable to continue working?. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/452590/backup-plan-for-forced-early-retirement-germany/
Aegon. "Germany: What Is Your “backup Plan” for An Income in Case You Are Unable to Continue Working?." Statista, Statista Inc., 6 Jun 2017, https://www.statista.com/statistics/452590/backup-plan-for-forced-early-retirement-germany/
Aegon, Germany: What is your “backup plan” for an income in case you are unable to continue working? Statista, https://www.statista.com/statistics/452590/backup-plan-for-forced-early-retirement-germany/ (last visited November 21, 2024)
Germany: What is your “backup plan” for an income in case you are unable to continue working? [Graph], Aegon, June 6, 2017. [Online]. Available: https://www.statista.com/statistics/452590/backup-plan-for-forced-early-retirement-germany/
