Pensions are the main source of income for older people in Europe, according to the OECD’s Pension at a Glance 2023 report. In many European countries, public transfers—such as state pensions and benefits—account for over 70% of older adults’ total equivalised gross household income, exceeding 80% in some cases.
So, how much do Europeans receive in old-age pensions? What is the average pension expenditure per beneficiary? And how do pension levels compare across Europe when adjusted for purchasing power?
