Economy

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 ...