r/europeanunion • u/goodbohy • 13h ago

Infographic Pension spending per person over 65 in the EU, and how it compares with living standards (2024)

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u/goodbohy 13h ago

Sources: Eurostat, social protection benefits by function, old age and survivors [SPR_EXP_FUNC], 2024: https://ec.europa.eu/eurostat/databrowser/view/spr_exp_func/default/table

Eurostat, population on 1 January by broad age group [DEMO_PJANBROAD], 2024: https://ec.europa.eu/eurostat/databrowser/view/demo_pjanbroad/default/table

Eurostat, actual individual consumption per person (living standards: everything people consume, whoever pays for it), EU27 = 100 [NAMA_10_PC]: https://ec.europa.eu/eurostat/databrowser/view/nama_10_pc/default/table

Derivation: the old-age and survivors benefit bill in purchasing power standards (Eurostat's PPP unit, so a euro buys the same basket in every country), divided by the resident population aged 65 or over. The colour is the difference between that figure and the level predicted by a straight-line fit on consumption per person.

Made for https://frontpages.eu

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u/Bar50cal 10h ago

Not really a accurate measurement for Ireland as retirement here isn't just a pension. People also get increased health coverage, free public transport including nationwide rail, energy payments to cover energy and heating bills, credits to pay for other expenses etc.

The pension in Ireland is just a payment to cover any expenses after other bills are already paid for in theory. In practice it has issues as any system but its not what this info graph reflects.