Young individuals faced with a significant financial burden through the implementation of the new military service, resulting in an estimated cost of billions.

The ifo Institute, a renowned research organisation based in Munich, has raised concerns about the potential financial implications of reintroducing military service in Germany. According to their report, the costs associated with this move are expected to primarily affect young people.

The institute's calculations suggest that military conscripts incur economic losses of up to 79 billion euros per year. This loss is attributed to a decrease in purchasing power during military service, as well as the opportunity costs of missing out on training and work. These missed earning, saving, and spending opportunities are expected to have a significant impact on an individual's income and wealth accumulation over their entire life.

The potential for compulsory military service for citizens aged 18-25 has been mentioned, although the Federal Government plans to reintroduce military service initially as a voluntary service. However, if the required number of soldiers cannot be reached through voluntary means, conscription may become mandatory.

NATO expects Germany to provide 260,000 soldiers, according to the Federal Foreign Office. This expectation is to ensure Germany's defense capability, particularly in the event of an attack from Russia.

Financial incentives are being considered to encourage 80,000 young adults to volunteer for military service with a weapon. However, the ifo Institute argues that these incentives may not be enough to offset the economic losses incurred during military service.

Some young people are already submitting applications for conscientious objection, indicating a reluctance to participate in military service. This reluctance is understandable given the potential financial burdens and the impact on their future earning potential.

The older generation, on the other hand, is called upon to contribute more socially and in defense to share the load. Young people, who already face significant burdens from increasing social contributions and the impacts of climate change, are disproportionately affected by these costs.

The ifo Institute used three models for its calculations: one based on a 5% draft (Swedish model), another on a 25% draft (old conscription model), and a third on an entire year group (societal year of service). Regardless of the model used, the costs for the state increase due to the payment of soldiers from the state's budget.

This news serves as a reminder of the potential financial implications of reintroducing military service, particularly for young people. As decisions are made, it is crucial to consider the long-term impact on individuals and society as a whole.

Young individuals faced with a significant financial burden through the implementation of the new military service, resulting in an estimated cost of billions.