When they retire, women have only three quarters as much money as men

Dusseldorf Viewed over a lifetime, women in Germany only earn three quarters of what their male colleagues earn. This is the result of a current evaluation by the World Economic Forum in cooperation with the Willis Towers Watson (WTW) consultancy, which is available to the Handelsblatt.

In addition to the salary (from the age of 22 until retirement), the analysis also includes entitlements from state pensions, company pension schemes, property ownership and savings in the so-called lifetime income. According to the evaluation, lifetime income is distributed most fairly in South Korea and Spain. In Nigeria, Argentina or Turkey, on the other hand, when they retire women have only a good 60 percent of what men have accumulated in earnings and assets up to that point.

According to this evaluation, Germany is in the international average. “However, the gap in earnings in Germany becomes larger the more demanding and complex a job profile is,” says Florian Frank, compensation expert at WTW, who analyzed the data for Germany.