Pension Crisis in Europe: Where Elderly People Live Below the Poverty Line

In Europe, there continues to be a stark contrast in the living standards of pensioners. In Eastern European countries, they dance to the thin violin of poverty and lack of funds, while residents of the North and West hardly feel economic problems. Even among developed countries, there are still 'black crows'.

The Organization for Economic Cooperation and Development found that in most European countries, pensioners receive significantly less than the average salary in the country. The generational gap is particularly deep in Estonia, Latvia, Croatia, and Lithuania, where a significant number of pensioners face tough times. In contrast, the situation is much better in Iceland, Norway, Denmark, and Finland.

Unfortunately, elderly women are more likely to fall into poverty than men. The reason lies in their longer lifespan and greater dependence on state pensions. Experts recommend improving social programs to minimize pension poverty.