Cost of Living
No, disasters don't just happen to other people
The insurance and financial sectors are concerned about the high number of uninsured homes in Portugal and the lack of private pension savings among the population, noting that these issues are becoming more critical as extreme weather events increase and life expectancy rises.
Why it matters
If you own property, this serves as a reminder to check if your home insurance coverage is adequate for climate-related risks; if you are building a life here, it highlights the increasing emphasis being placed on private financial planning for retirement beyond the public social security system.ExpressoRead original ↗
