Does the Portuguese pension cover retirement?

Datapulse.de compared the average state pension with the actual annual expenditures of people aged 60 and over in a Europe-wide analysis.

Credits: Supplied Image; Author: Datapulse;

The key findings for Portugal:

• Average State Pension: €11,500 per year.
• Typical Annual Expenses: €13,800.
• This leads to a calculated deficit of 17% (before taxes).

Compared to other European countries, Portugal falls within the majority of countries where pensions do not fully cover typical living costs. In most nations, retirees face a shortfall of over 30%, and only in four countries do state pensions exceed everyday expenses.