State pension: UK vs Europe – how incomes compare amid cost of living crisis | Personal Finance | Finance
In comparison, some countries fall behind the breakeven point according to this research.
These are: Sweden, Moldova, Finland and Belarus, where many pensioners might struggle with the cost of living.
Sam Robinson, principal financial adviser at Almond Financial, said: “The UK has a system that is just above the breakeven point which means at present, there isn’t much room to manoeuvre for those battling the cost of living crisis.
“And while it is positive that the UK finds itself among the top half of countries, for how much longer is the question.”
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