Poverty Risk of Pensioners in EU Countries Growing
As a result of the economic and financial crisis of 2008, many pensioners had to forgo the adjustment of their pensions for years. Combined with fundamental reforms of pension systems, the risk of poverty among pensioners has increased in many countries of the European Union (EU). Older pensioners aged 75 and over are particularly at risk. This is the conclusion of a study undertaken by the Max Planck Institute for Social Law and Social Policy which examined the changes in the adjustment modalities for existing pensions in the EU States between 2008 and 2017. In view of the risk of poverty for many pensioners in Europe, some countries have now begun to cushion the greatest hardships.