Pension systems in Europe are facing increasing deficits

Tuesday, Oct 8, 2024

Mediapool

EU pension systems face strain; pensions are projected to fall relative to wages in many member states by 2062.

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Pension systems in aging Europe face increasing strain, with current pension levels projected to fall relative to wages over the next 40 years, according to a European Commission report from 2024. The analysis indicates that pensions in Bulgaria and 19 other EU countries will decrease compared to salaries by 2062, while only seven countries are expected to see an increase.

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