Poverty risk high for Swiss pensioners despite high spending
A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland.
Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations.
Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at risk of poverty, compared to an OECD average of 13%.
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