Pensions are the primary income source for older Europeans, with two-thirds of their income from public transfers. However, those over 65 earn only 86% of the average income in the EU, with significant disparities across countries. The average pension in the EU is €17,321, but varies widely, from €3,377 in Turkey to €38,031 in Iceland. The purchasing power of pensions shows less variation, highlighting the impact of living costs and social benefits on retirees' standards of living. Teljes cikk (Euronews.com)