Overview

• The average effective retirement age climbed to 64.8 years in 2024, up from 64.2 in 2023, largely due to tighter early-retirement rules and work-retention incentives.
• Women now retire at about 65½ years—one year and five months later than men—but receive an average pension 34% lower (€1,594.82 vs. €2,142.60 per month).
• Italy ended 2024 with roughly 16.3 million pensioners, stable from the prior year, and spent €364 billion on pensions while state assistance transfers jumped to €180.5 billion.
• New disability pensions surged by 11.8% in 2024, reflecting growing demand for social support amid an ageing population.
• Contractual wages rose 8.3% between 2019 and 2024 but trailed a 17.4% increase in prices, eroding over nine percentage points of purchasing power.