You will have to pay more to retire in Luxembourg
With only one third of the European population expected to be working in 2050 and Luxembourg's pension system threatening to implode in 30 years, employees today must find alternatives to top up their pension pots. Stephen Evans reports on how funds could help.
By Stephen Evans
Only one third of the European population will be working in 2050, if current trends persist, because life expectancy is increasing quickly. This means there will not be sufficient tax income to pay for the current public pension system. To guarantee a good income in our retirement, we will need to fund this ourselves.
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