Article

2003-06-29 Europe

Aging Europe Finds It’s Pension Running Out

..."Across Europe, only 39 percent of men age 55 to 65 still work, according to the Organization for Economic Cooperation and Development."

By contrast, in the US, 60% of men in this age group still work AND Europe's low birthrates will mean that the median age across the continent will be in the mid-50s by 2050, while in the U.S. it'll be about 37.

The whole story is worth reading because it lays out the real weakness facing Europe now and in the future.

But what really struck me was the apparent lack of work ethic. It's not good when you have fewer young people entering the job market at the same time that people in the 50s are bagging work.

Posted by R. McLeod 2003-06-29 6:19:56 PM|| || Front Page|| [11141 views since 2007-05-07] Top

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