Pensions vary significantly between genders across Europe

Although the gap has narrowed by 5 percentage points over the last decade, women over the age of 65 still receive an average pension 29 per cent lower than males in the European Union. Meanwhile, the gender pension gap in Hungary was 10 per cent, according to a recent Eurostat survey.

According to the EU’s statistical office, the average pension for men was higher across Europe than for women. The average variation across the Member States was 29 per cent in 2019, writes vg.hu.

The gap between old-age benefits was widest in Luxembourg, where women generally receive 44 per cent less old-age benefits than men.

They were followed by Malta and the Netherlands with 40 per cent, followed by Cyprus with a 39 per cent difference in the pensions of ladies and gentlemen over the age of 65. But there were also significant differences between Austria (37 per cent) and Germany (36 per cent).

In contrast, the mildest gender contrast in old-age benefits was measured in Estonia, where the difference was only two per cent in 2019. On the leaderboard, they were followed by Denmark with a 7 per cent difference,

while Hungary came in third with a 10 per cent difference in the average pension of women and men.