ADVERTISEMENT

The generation gap in Austria

History

The Austrian government has approved a pension increase that has triggered a debate about the generation gap.

Norbert Mayer is appalled. „The grand coalition was formed to solve urgent problems. But what is it doing instead? Customer politics. ... It’s turning the pyramid upside down, with the broad strata of pensioners on top and the increasingly narrow tip of young maintainers of the system at the bottom, financing the future of the preceding generation with poorly paid part-time jobs while their own future looks bleak.

This is narrow-minded from a Christian and from a social democratic point of view, but above all it’s simply narrow-minded. ... Those who spend too much now will be branded unfair in dozens of ways in thirty years’ time and bring up future generations who see the State only as a corrupt exploiter.” (europe.courrierinternational, Die Presse)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.