Public Pension Replacement Rates Social Security in the U.S. is often the most significant income program available for the elderly. When looking at replacement income for prior earnings, note that the United States ranks 26th on the list, while Greece is 3rd.
What are some of the causes of this variance? Keep in mind that Greece has recently had its national debt restructured by the European Union to avoid national bankruptcy. What is the role of its Public Pension Replacement Rates on its debt burden?