The Collapse of Pensions in Spain: A new financial crisis for Europe? – VisualPolitik EN

VisualPolitik EN published this video item, entitled “The Collapse of Pensions in Spain: A new financial crisis for Europe? – VisualPolitik EN” – below is their description.

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Spain is one of the countries facing the most problems related to demographic aging in the world. It is expected that by the middle of the century, the percentage of the population over 65 years of age will increase from 19% to 30%. This means that in just three decades the population over 65 will increase by more than six million people.

The problem is that, while it’s great that we are living longer and longer, in practice it creates a lot of challenges. Especially if we’re talking about pensions. The data seems clear: if the model is not reformed, Spain could even face the collapse of its pension system.

In this new video in collaboration with Value School we will try to answer the following questions: Where exactly are we? What financial problem is Spain facing? Are pensions really at risk?

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In This Story: Spain

Spain, a country on Europe’s Iberian Peninsula, includes 17 autonomous regions with diverse geography and cultures. Capital city Madrid is home to the Royal Palace and Prado museum, housing works by European masters. Segovia has a medieval castle (the Alcázar) and an intact Roman aqueduct. Catalonia’s capital, Barcelona, is defined by Antoni Gaudí’s whimsical modernist landmarks like the Sagrada Família church. 

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