27 April 2023

POLITICO: By the numbers: Europe’s pensions problem

The French have been protesting loudly against President Emmanuel Macron’s pensions reform — but their government is far from the only one with a plan to increase the retirement age.

With workers living much longer lives than previous generations, the number of beneficiaries of old-age pensions has seen a constant rise across the EU in the last decades. Most member countries spent more money on pensions in 2020 than ever before.

Some countries have laid out aggressive plans to delay workers’ retirement: Young Danish citizens are expected to work until they turn 74. Citizens currently joining the labor market in Estonia and Italy are right behind them.

Here’s a look at the present and future of pensions across the Continent, in figures and charts...

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