Should have included the percentage of pensioners to add context
Would like to add that in Romania we have a lot of special pensions that politicians gave themselves and to other classes. Exemple an average pension for worker is 1800 RON (which is almost minimal wage) but an average special pension for a judge is 19000 RON. Also the pension age for average Joe is 63, and average pension for special categories is 45, considering that these people lived a comfortable lucury life they will probabil live over 80. Also politicians may try to acumulate more functions to get more special pensions which again get thousands and thousands of euros.
I would like to add that these special pension system is only adopted in 3 countries in EU and initially in Romania it started more for military and people that worked in internal defense (security ecc).
Come on, France, don’t give up! You can still overtake Greece!
So the take away is… be more like Turkey-key?
Give it 30 years and everywhere will be around 15%
Why is it so high in France compared to Germany? I thought the age distribution was similar.
Imagine how high Greece would have gone without reforms.
Now it makes sense why Greece doesn’t do much about smoking rates.
Greece is in for a wild ride.
GDP the holy measurement
Now do the same with poverty rate of retirees.
Based on the 10% for Denmark it looks like it includes non cash benefits to pensioners. This is government subsidies to low income low wealth people, so they get money to pay for rent, heating, electricity, transport….
Also before 2030 the taxation on private pensions exceed the state expenditures for pensions. The real expenditure for seniors in Denmark is health care.
When there is a fire in Greece, we ask where was the money for fire department
When there is a train accident in Greece, we ask why weren’t railways more invested in
When there is a health crisis, we ask why was medical spending cut
IMO The answer is basically this map, clientelism is a disease
Public pension funds are a pyramid scheme.
I won’t even have a pension until I work until 74 or more
And then we have here french who say that there is enough money for more pensions if some people were taxed more, etc. Just a little deficit of a few billion, or 10, coming soon, but it’s not a problem. That no reform is needed and so on.
Average annual pension in Spain is about 16,236 EUR in 2021.
According to hacienda (ministry of finance), in 2023, pension expenditure of Spain rises 11.4% to 190.687 million EUR. There are 10 million pensioners in Spain.
18 comments
Source: [one](https://ec.europa.eu/eurostat/databrowser/view/spr_exp_pens/default/table?lang=en) and [two](https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_GDP/default/table?lang=en&category=na10.nama10.nama_10_ma).
Latest data is from 2020.
Should have included the percentage of pensioners to add context
Would like to add that in Romania we have a lot of special pensions that politicians gave themselves and to other classes. Exemple an average pension for worker is 1800 RON (which is almost minimal wage) but an average special pension for a judge is 19000 RON. Also the pension age for average Joe is 63, and average pension for special categories is 45, considering that these people lived a comfortable lucury life they will probabil live over 80. Also politicians may try to acumulate more functions to get more special pensions which again get thousands and thousands of euros.
I would like to add that these special pension system is only adopted in 3 countries in EU and initially in Romania it started more for military and people that worked in internal defense (security ecc).
Come on, France, don’t give up! You can still overtake Greece!
So the take away is… be more like Turkey-key?
Give it 30 years and everywhere will be around 15%
Why is it so high in France compared to Germany? I thought the age distribution was similar.
Imagine how high Greece would have gone without reforms.
Now it makes sense why Greece doesn’t do much about smoking rates.
Greece is in for a wild ride.
GDP the holy measurement
Now do the same with poverty rate of retirees.
Based on the 10% for Denmark it looks like it includes non cash benefits to pensioners. This is government subsidies to low income low wealth people, so they get money to pay for rent, heating, electricity, transport….
Also before 2030 the taxation on private pensions exceed the state expenditures for pensions. The real expenditure for seniors in Denmark is health care.
When there is a fire in Greece, we ask where was the money for fire department
When there is a train accident in Greece, we ask why weren’t railways more invested in
When there is a health crisis, we ask why was medical spending cut
IMO The answer is basically this map, clientelism is a disease
Public pension funds are a pyramid scheme.
I won’t even have a pension until I work until 74 or more
And then we have here french who say that there is enough money for more pensions if some people were taxed more, etc. Just a little deficit of a few billion, or 10, coming soon, but it’s not a problem. That no reform is needed and so on.
Average annual pension in Spain is about 16,236 EUR in 2021.
[https://sede.agenciatributaria.gob.es/AEAT/Contenidos_Comunes/La_Agencia_Tributaria/Estadisticas/Publicaciones/sites/mercado/2021/jrubikf216ee73add518e8f8794a9602624ecc1285834e8.html#](https://sede.agenciatributaria.gob.es/AEAT/Contenidos_Comunes/La_Agencia_Tributaria/Estadisticas/Publicaciones/sites/mercado/2021/jrubikf216ee73add518e8f8794a9602624ecc1285834e8.html#)
​
According to hacienda (ministry of finance), in 2023, pension expenditure of Spain rises 11.4% to 190.687 million EUR. There are 10 million pensioners in Spain.
[https://www.sepg.pap.hacienda.gob.es/sitios/sepg/es-ES/presupuestos/pge/proyectopge2023/paginas/proyectopge2023.aspx](https://www.sepg.pap.hacienda.gob.es/sitios/sepg/es-ES/presupuestos/pge/proyectopge2023/paginas/proyectopge2023.aspx)