Economy

Pere Quintana (108 years old): “I have worked for 37 years, but since I have reached this age, I have already been retired for longer than I have been active and for the State it is a failure”

Pere Quintana (108 years old): “I have worked for 37 years, but since I have reached this age, I have already been retired for longer than I have been active and for the State it is a failure”

Pere Quintana is about to blow out the candles on his 109th birthday and can proudly say that he has developed an extensive career as a pharmacist in Barcelona. Now he is enjoying his well-deserved retirement with a peculiarity that he explained in an interview for The Vanguard. He highlights ...

This is the pension system that forces citizens to save for retirement, housing and health

This is the pension system that forces citizens to save for retirement, housing and health

Public pension systems in Europe are based on the same principle, pay-as-you-go. The contributions of current workers finance the income of current retirees, a mechanism that guarantees intergenerational solidarity, universal coverage and the stability of Social Security. Countries such as the Netherlands, Iceland and Denmark are often considered role models ...