Poverty Risks For Older People In EU Countries An Update

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This Policy Brief provides the modish tell on how EU countries dissent in damage of poorness risks for elderly citizenry (ripened 65 years and o’er).

Results exploitation the modish EU-SILC information for 2008 display that, on ordinary, senior citizenry cheek a higher poorness jeopardy grade than the summate universe: the place for aged citizenry was 19% as opposed to rank for the add universe of 17%. The highest impoverishment adventure rates were ascertained in Latvia (51%), Cyprus (49%), Estonia (39%) and Bulgaria (34%), and the last-place in Hungary (4%), Luxembourg (5%) and the Czech Republic (7%). Three commonwealth groupings can be magisterial from these results: ten countries with lower-than-average poorness danger rates for aged citizenry (16% or less), ennead countries with close-to-average impoverishment endangerment rates (18-23%) and another 8 countries with higher-than-average poorness hazard rates (>25%). No ace account can be meaningfully employed to explicate this distinction crosswise the 3 groupings of countries. That aforementioned, countries with low poorness danger rates for elder citizenry mostly suffer a dear mixer refuge net in the manikin of a canonic pension (e.g. the Netherlands) and/or they propose substantial redistribution in the earnings-related contributing pension schemes in the configuration of minimal guaranteed pensions (e.g. Austria).

For a broader icon, the income poorness index is complemented by the corporeal loss range, which mensuration want in more infrangible damage, involving neediness such as unfitness to donjon homes lovesome, to yield a repast with heart, volaille or angle e’ery s day, to sustain a one workweek one-year vacation aside from family, etcetera On ordinary, 16% of senior universe in EU27 could be considered materially disadvantaged during 2008. Also, on mean, sole most one thirdly of the universe that is income piteous was too deprived by corporeal loss. Thus, out of 16 billion old citizenry identified as at adventure of hapless, just astir 5 meg were too materially disadvantaged. Not astonishingly, thither are all-encompassing variations crossways countries with prize to the dimension of those who are materially disadvantaged and besides aspect the danger of pecuniary poorness. The highest levels were registered in Bulgaria (73%), Romania (57%), and Latvia (50%), and the last-place in Luxembourg, the Netherlands, Sweden and the UK (all, less than 10%).

A subsequent Policy Brief leave render a glance into the hereafter by analysing the brownie of pension reforms.

Source: European Centre for Social Welfare Policy and Research

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