Chair of Economic and Social Policy

Retirement At 40?

Prof. Hagist on the ZDF program "WISO".

Financial independence, retire early, FIRE for short, is a movement that seeks to achieve exactly that. It claims that retiring at 40 is possible, if you manage your finances. Realistic or just a crazy idea? Prof. Dr. Hagist examines this proposal on ZDF show “WISO”.

The FIRE movement, which originated in the USA, advocates saving and living a frugal lifestyle when young to allow for significantly earlier retirement.