September 21, 2023 23:09
After successive misses, Ana Méndez Godinho and Antonio Costa try to win back the retired people.
The increase in January will be lower than this year but will still be historically high. Economy dynamics provide an additional boost: Although GDP has slowed significantly this year, two years of growth are factored into this increase. At the end of 2021 and throughout 2022, the economy was particularly dynamic
September 21, 2023 23:09
Only at the end of November will it be possible to know once and for all how much pensions will increase next year. But the evolution of inflation and economic growth so far already allows us to get a rough idea. According to calculations by Expresso, the majority of retirees will be able to count on a benefit increase of between 6% and 6.5% in January. The rise will be less pronounced than this year’s, but still one of the largest on record.
After months of uncertainty, the Prime Minister confirmed in April that pensions would be updated next year according to rules set in law for years. In practical terms, this means that pensioners will benefit again in 2024 from two combined factors: inflation, which remains high, although slowing, and economic progress.
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Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
