Angel Gomez Gamallo, 79, and his wife Luisa Fernandez Medarde, 81, watch television at their home of 44 years in Madrid April 29, 2014. When they retired a decade ago, Gomez and his wife had imagined ... more 
Angel Gomez Gamallo, 79, and his wife Luisa Fernandez Medarde, 81, watch television at their home of 44 years in Madrid April 29, 2014. When they retired a decade ago, Gomez and his wife had imagined spending their 3,600 euros in joint pension payments only on restaurants, holidays and toys for the grandkids. Today, their retirement money also helps support five families. The Spanish couple, like other relatively prosperous pensioners across southern Europe, are providing an informal safety net which has helped many in the younger generation to avoid widespread poverty despite record-high unemployment. Picture taken April 29, 2014. To match Insight story EUROPE-SOUTH/PENSIONS REUTERS/Susana Vera (SPAIN - Tags: BUSINESS EMPLOYMENT SOCIETY POLITICS) less 
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Reuters | Photo By SUSANA VERA / REUTERS
Wed, May 28, 2014 2:21 AM EDT