The sustainability of the universal pension system is in a notoriously critical position and all relevant statistics and/or projections confirm the extreme sensitivity of the situation.
The rise in average life expectancy, decrease in births and the progressive effects of lower employment linked to current technological developments such as artificial intelligence and robotics, are just some of the macroeconomic factors that contribute to making this scenario rather alarming. Some countries, in addition, also face volatile public finances, loss of competitiveness and issues with their general state of economic health. Suddenly, thinking about protection becomes an obligation and no longer a choice.
The problem is of universal interest, whether we are still in the middle of our working lives, already retired or about to withdraw our pension.
The consequences of an unsustainable pension system could be dramatic. Imagine, for example, a scenario in which pension income is reduced by up to 50% compared to the last salary.
Are you sure you want to work up to your 80th birthday without having ensured your financial independence or knowing that if you wanted to take an early retirement you could, without having to be restricted by the terms imposed by the State?