If we gather all the pensioners under the age of 65 we could populate the largest county in the country

Every day, starting next year until 2030, over 600 Boby Boomers will turn 65 – retirement age, according to the calculations made by HotNews.ro based on the data provided by the National Institute of Statistics. I mean we will see a new pensioner every two minutes.

We have over 770,000 pensioners under the age of 65, according to INS data, that is more than the population of Iași- the most populated in Romania.

Most are in the capital (over 133,000), Cluj (41,000) and Prahova (38,000). In Bucharest, 27% of the resident population receives a pension, as in Prahova. In Cluj, one in four citizens is a pensioner.

The number of pensioners can be higher than the number of people who have reached the official retirement age because the term “pensioner” includes not only those who have passed this age, but also people who have retired earlier for disease reasons, through early retirement or from “special” professions. Thus, the group formed by pensioners is more humorous than the mere cohort of those who have reached the standard retirement age.

In the map above, Giurgiu and Ilfov counties are with negative figures, which means that some of the over 65 -year -olds continue to work. This may also be due to the fact that under the current conditions, it is difficult to keep your lifestyle from a state pension.

At an inflation of 3%, the amount of money you have to spend to maintain your current standard of living doubles every 24 years. In other words, if you spend 72,000 lei per year now, then you should expect to spend 150,000 lei annually over 24-25 years for the same lifestyle.

For example, an inflation rate of 6%, the income requirement doubles about every 12 years, and a 65 -year -old person who spends 72,000 lei today will spend 231,000 lei per year at the age of 85.

For comparison, in Hungary there are about 400,000 pensioners under the age of 65, and in Bulgaria about 350,000.

Romania is in the last place in Europe after the duration of professional life. 20 years ago I was in the platoon of those who “worked” the most, along with the Nordics. According to the statistics of the Finnish Center for Pensions, people in Finland have an effective age of pensions for over 61.5 years.

And because of this, but also against the background of population aging, many European states are thinking of increasing the limit of retirement age

Unfortunately, the most “old” counties of Romania has the weight of the pensioners greater than in Japan- one of the oldest countries in the world.