- Every fourth person in Europe receives an old age, survivor or disability pension benefit, an automatic stabilizer during this crisis
- Public pay-as-you go pension will soon come under severe pressure due to fiscal pressures accelerated during this pandemic
- Private funded pensions with their additional risks, were hit hard after the 2008 crash and will again increase inequalities in old age in coming years
- Older people transitioning from work to retirement will face immediate difficulties that need to be addressed
Bernhard Ebbinghaus 