The challenges of an aging society - The topical issues of pension security

Abstract

One of the most important social changes that threaten EU member states is the considerable aging of the population and its present and future impact on economies and pension security. Numerous studies prove that the state pension will not be enough to fully cover retirement spending. Maintaining a standard of living at the desired level requires some pension savings in addition to the state pension. This study consists of three parts. The first section presents the present and future trends of the population of the European Union on the basis of demographic and statistical data and their economic impact on state pensions. The second section presents the forms and possibilities of financial savings, with particular regard to pension savings. The third part presents the theoretical basis and the results of the research project “The role of self-care in our life”.