Europe is ageing. More than 130 million people in the European Union, or about a quarter of the total population, receive a pension. By and large, the national pension systems make sure that older citizens receive a stable income after the end of their working life and are not threatened by poverty. In fact, the risk of being poor in the EU is lower among the elderly above age 65 as compared to the population below age 65.
While more and more people experience poverty at some point in their life, a short-lived experience is certainly different in nature than long-term poverty.