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For all the issues the others have already detailed, i'd like to look at two underlying issues (which come together with the wealth disparity):
The demographic shift of an ageing population requires fundamental reforms to social security, public infrastructure, taxation, housing, education, immigration... But instead of addressing the issue, which is known for more than 30 years, the can is kept being kicked down the road.
The German economy has moved from being innovation leader in many fields to being outshined by competitors as the economic structure is ageing alongside the population. Instead of letting younger people get a chance to develop, the wealth, political and economic power remains fast in the hands of the Boomers.