Many Spanish retirees help their children with their pensions, according to an economist

Published 2026-10-25

Spanish economist Santiago Niño Becerra explains that many pensioners in Spain do not use their benefit solely for their own expenses. According to his analysis, a significant part of pension money goes to helping children and other relatives.

The economist states that retirees need their pensions to cover their needs, but they also use them to support their families. This help can include day-to-day expenses, such as food or household bills, or occasional financial assistance to children when they struggle to make ends meet at the end of the month. For many families, grandparents' money is an important part of household income.

This phenomenon is related to the economic situation of many young people in Spain. Some have temporary jobs or low wages, and housing and rental prices remain high in many cities. For this reason, some parents and grandparents help their children and grandchildren so they can maintain their standard of living. The economist points out that this family solidarity is common and forms part of life in many households.

In conclusion, for many older people, the pension serves a dual function: it provides for their own livelihood and also helps their family. This data shows the importance of pensions not only for retirees, but also for the economy of Spanish households.

Sources: Business Insider España

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