Pension systems around the world vary widely, reflecting the economic development, demographics and social priorities of each country. Find out all about pensions in Germany here. Here's a brief overview of pensions in a few countries.


USA


In the US, pensions vary according to years of service and earnings. The average Social Security payment is about $1,500 per month. In addition to the government programme, many Americans rely on 401(k) retirement plans and personal savings. However, a large percentage of retirees are struggling financially, as pensions often do not cover all expenses.


Japan


In Japan, with its aging population, the average pension is about 150,000 yen per month (about $1,300). The pension system includes government and corporate pensions, but many seniors continue to work even after retirement because of high living expenses.


Russia


In Russia, the average pension is relatively low at about 20,000 rubles per month (about $260). The state pension system is the main source of income for pensioners, but because of low payments, many older people are forced to seek additional income or help from relatives.


Sweden


Sweden is famous for its progressive pension system, which combines state pensions with personal savings and corporate plans. The average pension is about 15,000 Swedish kronor per month (about $1,400). The Swedish model is considered one of the most sustainable and fair, providing a decent standard of living for retirees.


Brazil


In Brazil, pensions depend on earnings and length of service. The average pension is about R$2,000 per month (about $380). Despite this, many seniors face financial hardship due to high inflation and economic instability.


These differences reflect the economic conditions and social priorities of each country, affecting the quality of life of pensioners around the world.