UK has lowest state pension among OECD countries
That compares with an average of 63% in other OECD countries, and more than 80% in Italy and the Netherlands.
The report said this expected “net replacement rate” will be the lowest of any OECD country.
The UK population is ageing rapidly, has relatively high levels of poverty among the over-75s, and a much bigger problem with obesity in old age, said the OECD, with 20% of British over-80s classified as obese, compared with 15% in the U.S. and under 10% in Italy. ■