Pension income is lower than late-career earnings across European countries. In the EU, a person who earned €100 between the ages of 50 and 59 would receive €58 in pension income between the ages of 65 and 74 in 2023, according to Eurostat.
This makes it difficult for many older people to maintain their standard of living after retirement. Nearly one in six pensioners are at risk of poverty in the EU.
