The first country in the world to have a social security crisis

Germany is the first country in the world to establish an extensive pension insurance system. It has formed a complete and well-functioning pension insurance system.

Denmark and Germany established pension insurance systems in the same year. The difference is that Germany targets employees and Denmark targets the entire population. Denmark is the first country in the world to establish a rural social pension insurance system.

The United Kingdom was the first country in the world to establish a social security system through a government decree, namely the Elizabethan Poor Law of 1601.