00:00Do Europeans believe their pensions will still exist when they retire?
00:08Most people in France, Germany, Spain and Italy believe their country's state pension system is already unaffordable.
00:15However, they also think the current scheme is not generous enough and do not support many options for revamping it, such as raising the retirement age.
00:24This is according to a YouGov survey that interviewed more than 5,000 people across France, Germany, Italy, Poland and Spain.
00:32Two-thirds of French, German and Spanish respondents claim that the state pension system in their country will be unaffordable by the time people who are currently in their 30s and 40s retire.
00:43By contrast, those who are already retired are consistently more optimistic about their country's ability to fund the state pension system.
00:51Over 70% of non-retired Italians and Poles do not feel confident that they will have enough money to leave a comfortable retirement.
01:00Among French and Spanish respondents, the totals come to 66% and 64% respectively.
01:07State pensions in most EU countries operate on a pay-as-you-go basis, meaning current workers finance current retirees.
01:14With the working-age population shrinking and non-standard employment on the rise, citizens in several member states lack guarantees of securing an adequate pension in the future, particularly women.
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