Europe has more than 2 trillion pension savings gap

Europe's pension savings gap is €2,010,000,000,000 more than €2 Trillion (source Mind the gap, Aviva 2016). 

Germany has the largest pension savings gap followed by UK and France. These are also the countries with the highest numbers of European citizens. There is a difference within Europe pension savings gap when we look at the separate countries. Germany have 1/3 more citizens with 82+M  than Italy which has 60+M citizens. However, Germany pension savings gap is 3.5 times larger than Italy. 

In 2010 the same report showed that Europe's pension savings gap was 1,903 billion and six years later in 2016 it was 2,010 billion. Which is an increase of 5.62%. European citizens should wake up and start reducing their pension savings gap before it's too late. 

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