Are Europeans saving enough for retirement? Here is how much more they need to put aside
Detailed summary
To retire on 70% of their pay, workers on average wages could need to save more than €1,000 extra a month in Switzerland and more than €600 in Germany. Euronews Business compares the estimates for women and men across Europe.
Mandatory pensions are projected to fall short of the OECD’s retirement income target in 22 of the 30 European countries it studied.In its Pensions Outlook 2026, the OECD estimates how much extra employees on average wages would need to save over a full career to retire on 70% of their gross pay.Lithuania has the biggest gap as a share of earnings, at 20.7%, while Switzerland has the highest estimated monthly…
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