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EUROPE-SOUTH/PENSIONS
RTR3R5O7
28 May. 2014
Luisa Fernandez Medarde, 81, and her husband Angel... more
EUROPE-SOUTH/PENSIONS
RTR3R5O7
28 May. 2014
Madrid, Spain
Luisa Fernandez Medarde, 81, and her husband Angel Gomez Gamallo, 79, have lunch at their home with one of their four children in Madrid April 29, 2014. When they retired a decade ago, Fernandez Medarde and her husband had imagined spending their 3,600 euros in joint pension payments only on restaurants, holidays and toys for the grandkids. Today, their retirement money also helps support five families. The Spanish couple, like other relatively prosperous pensioners across southern Europe, are providing an informal safety net which has helped many in the younger generation to avoid widespread poverty despite record-high unemployment. Picture taken April 29, 2014. To match Insight story EUROPE-SOUTH/PENSIONS REUTERS/Susana Vera (SPAIN - Tags: BUSINESS EMPLOYMENT FOOD SOCIETY POLITICS)
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