Pension fees won’t cover retirement

In Belgium it is no longer affordable for people in their late 50’s to stop working and start living of their pension fees without having saved a lot of money first. If you haven’t been saving at least  €100 a month for the last 9 years before your retirement, you won’t even last 3 years in a nursing home in Flanders. The cost for a nursing home has been estimated at €1,326.90 a month, which is not evidently affordable for anyone wanting to retire.  Most people who retire can’t afford such nursing homes and are thereby very dependent of their children or grandchildren to take care of them, those who don’t have their relatives to count on, do have a problem. 

Sarah Carron

source: http://www.standaard.be/artikel/detail.aspx?artikelid=BU30JCJK&_section=61269305&utm_source=standaard&utm_medium=newsletter&utm_campaign=mijngeld