Month / December 2021

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  • Frau und Mann mittleren Alters füllen ein Formular aus

    Who does what to prepare for old age?

    Few can afford to invest in real estate, and there is no guarantee that government pension funds will be able to cover younger generations when they retire. A study based on data from “Living in Germany” and published by ZEIT online shows how people in Germany are providing for old age instead.

    According to the study’s findings, men are more likely to invest for retirement than women, and academics and higher earners are more likely to invest in financial assets and insurance than others.

    In addition, they ways people prepare for retirement depend on their age: Almost half of people over the age of 51 have financial investments such as stocks, savings bonds, or investment certificates, whereas younger people tend to rely on pension insurance.

    People in the former East Germany also tend more to rely on pension insurance than those in the West, with 36 percent in the East and 33 percent in the West holding pension or life insurance policies. This could be because people in the former East Germany have fewer alternatives, as they are less likely to own real estate than people in the former West.

    Further information

    Zeit Online: Wer sorgt wie fürs Alter vor?

    All results in the overview

  • Roboter mit Tablet

    Smart Machines

    When people hear the term “artificial intelligence” (AI), they often think of smart robots in a distant future. Yet many people are already using AI in their work today—but without knowing it. These are among the findings of a recent study published as a DIW Berlin Wochenbericht based on data from Living in Germany.

    According to the study, only 20 percent of those surveyed answered “yes” to the direct question of whether they had come into contact with AI at work. However, almost twice as many respondents answered “yes” to indirect questions about AI—for instance, whether they used functions such as speech recognition or automated image processing at work on a daily basis. This shows that many people are unaware that AI is already part of their everyday working lives.

    For many, the topic of AI is linked to the question of whether automation will eliminate jobs. “AI-based systems are being developed to replace some tasks that humans can do,” said DIW researcher Alexandra Fedorets, “they will take over some of the tasks, but by no means all.”


    Further information

    DIW Berlin (Deutsches Institut für Wirtschaftsforschung): Artificial intelligence in Germany: employees often unaware they are working with AI-based systems Viele arbeiten mit KI, ohne es zu wissen

    All results in the overview