Retirement provision: think about retirement at the age of 20 – economy

At the end of the month there is no more money in the account, at least most of the time. Melanie Michalczak earns 350 euros a month. She is doing a voluntary social year in a facility for disabled young people, after which she would like to study social pedagogy in Heidelberg. If she does have money to spare, she puts it aside for smaller purchases. The 20-year-old does a lot of sport, so she would like to buy an Apple Watch. But save for old age, from what? Melanie Michalczak also “doesn’t want to have to pull the trigger,” as she says, but also wants to go for a drink with friends without having to look at the money. Retirement provision does not yet play a role in her life. “But you can tell that the pension is getting smaller and smaller,” she says.