averagesalary
Earnings-related pensions overwhelmingly constitute the primary source of income for Europeans aged 65 and older. However, less than half of EU consumers are confident that they will have enough money to live comfortably throughout their retirement. In several countries, this confidence level falls to 30% or even less. This raises concerns about pension adequacy. Protecting older people against poverty is a key function of pension systems. Old-age pension is periodic payments intended to: 1. Maintain the income of the beneficiary after retirement from paid employment at the legal or standard a...
Euronews (English)
The labour income share in Gross Domestic Product (GDP) presents a downward trend in Europe. This means that workers are getting a smaller slice of the cake. Falling labour shares are frequently associated with rises in income inequality as capital tends to be concentrated at the upper ends of income distribution. Defined by the International Labour Organisation (ILO), the labour income share in GDP is the ratio, in percentage, between total labour income and GDP, both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. I...
Euronews (English)
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