Retiring early.
The latest numbers are in, they say that just over half of Germans work until the current official full retirement age of 65.
As in other countries, you can retire before 65 but it'll cost you. Benefits are reduced by a certain percentage for each year under 65. Full retirement for "younger" people (age 55 and younger) is gradually going up to 67.
Unlike earlier programs that provided incentives for people in sectors like coal mining and steel making, hard hit by economic macro trends, to retire a few years early, the numbers for 2011 are said to show a different trend: people retire early because they can afford to do so.
For those who find the gist of the article we linked to a tad optimistic, there are many reader comments (in German) that illustrate the old "not all that glitters is gold".
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