Disposable income saved in 2013:
The Servizio Sanitario Nazionale (SSN) is Italy’s national, public and government-run health care program. While some services, such as visits to specialists, can require co-pays starting at about 30 euro ($40), general doctor visits and emergency care are entirely covered.
Italy has both public and private universities. Public universities, which dwarf private universities in number, are heavily state-funded and charge minimal tuition that correspond to a student’s income (or that of his or her family). Private universities, attended by fewer than 10% of Italian students, are more expensive. They generally charge about 4,000 euro to 8,000 euro ($5,145 to $10,290), and sometimes more.
In Italy, pensions for the elderly include Notional Defined Contribution (NDC) and social insurance, or allowance, which is means-based and promised to those with limited income and unable to contribute. Perhaps partly owing to the quality of its healthcare system, which the World Health Organization has ranked as one of the best in Europe, life expectancy is long in Italy.
As in some other European countries, retiree pensions are in an uncertain place as the aging population is disproportionate to what the economy can support. The ratio of elderly to the working-age population was at about 30% in 2010 and is expected to hit 48% in 2030, while the country also runs high public debt.
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