100,000 people affected

New pensioners now face a loss of 20,000 euros

Shocking news for Austrians at the end of their working lives: all those who are about to retire are threatened with a massive loss of purchasing power, which could amount to more than 20,000 euros. The "Krone" analyzes the background and explains what this means in concrete terms for those affected and how they can defend themselves.

As things stand today, more than 100,000 people face enormous losses as soon as they retire. Ingrid Korosec, Chairwoman of the Austrian Seniors' Council, explains the reasons in an interview with the "Krone" newspaper and appeals to politicians to compensate for the impending loss.