European pensions are a $30trn missed opportunity

GateUser-9ad11037 · 2026-03-11T06:29:07+00:00

The essay highlights Europe's identity as the "old continent," contrasting its rich history and culture with an aging population, noting a median age of 45 and decreasing working-age residents in relation to pensioners.

GateUser-9ad11037

2026-03-11 06:29:07

Abstract generation in progress

EUROPE is known as the “old continent” because it is not the “new world”. From ancient Greek democracy to classical music, it is the cradle of Western civilisation. These days a less charitable contrast is not with the new but with the young. The median citizen of the European Union is 45, six years senior to an equivalent American and four to a Chinese person. The EU already has fewer than three residents of working age for every pensioner.

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