Europe’s big, expensive state pensions crisis. Plus: The British culture boom
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Happy New Year! Thinking about winding down your work in 2026? In countries with ageing populations, there’s a growing likelihood that many of us will be. But behind the dream of a cosy retirement, the economic reality is ever more complex.
As populations age, the number of younger people entering the workforce is shrinking – and that’s a big problem for “pay as you go” state pension schemes where employees fund the pensions of an expanding cohort of retired people.
Continue reading…Europe’s big, expensive state pensions crisis. Plus: The British culture boom• Get the Guardian Weekly delivered to your home addressHappy New Year! Thinking about winding down your work in 2026? In countries with ageing populations, there’s a growing likelihood that many of us will be. But behind the dream of a cosy retirement, the economic reality is ever more complex.As populations age, the number of younger people entering the workforce is shrinking – and that’s a big problem for “pay as you go” state pension schemes where employees fund the pensions of an expanding cohort of retired people. Continue reading…
