Belgians bleak about retirement

30th January 2007, Comments 0 comments

30 January 2007BRUSSELS – Belgians are less optimistic about their future pension than they were a few years ago. One in three associates retirement with old age, illness, loneliness or poverty.

30 January 2007

BRUSSELS – Belgians are less optimistic about their future pension than they were a few years ago. One in three associates retirement with old age, illness, loneliness or poverty.

This emerged from the Pension Barometer presented by insurance company Axa on Tuesday.

Belgians expect they will have to continue working to an older age. They also start saving up for retirement earlier in one form or other.

Another conspicuous difference to 2004 is that 65 percent of active Belgians believed at that time that they would be able to make ends meet with their retirement income. In 2006 only 52 percent said they believed this would be the case.

These figures moved Belgium from third to eighth place in an international ranking.


[Copyright Expatica 2007]

Subject: Belgian news

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