Economic exclusion in old age

The economic exclusion of the older persons is addressed in the literature through the lens of the available income (mainly from pensions) and represents an important topic on the agenda of public decision-makers. The aim of this article is to present the perceptions of the older persons regarding the eAectiveness of the policy measures aimed at reducing social exclusion for this population category. To answer this objective, a survey was conducted among older persons (65 and over) at the national level. The following aspects were measured: the ability to cover current expenses; the necessity to supplement the available monthly income through loans in order to cover current expenses; the ability to cover unforeseen expenses, the ability of saving financial resources; the ability to use various financial products. Our study shows that although significant progresses have been made in the field of legal framework for pension, the available pension income remains low for a large proportion of the older population.