'My pension won't be enough': Swedes
The Local/at · 28 Apr 2014, 10:37
Published: 28 Apr 2014 10:37 GMT+02:00
Eight of ten Swedes now believe they won't get a pension that will cover their living expenses after retiring, a Gothenburg University study has revealed. Women were more likely to feel despondent than men were.
Young Swedes, women, and low-income earners showed the most distrust in the Swedish pension system when polled by researchers at Gothenburg University's School of Economics.
"In general, trust in the pension system is low," economist Jeannette Carlsson Hauff said in a statement. "As many as 80 percent of the survey respondents don't think the pension system will give them an adequate income level the day they stop working."
Sixty-four percent said they did not think the government had set aside enough money from the state budget for pensions. The pension system was reformed in the year 2000.
More than 900 Swedes took part in the survey, which showed that certain groups felt more vulnerable than others did.
"Young people in general have lower confidence in the pension system, while the group with a high level of confidence has more men and more high-income earners," Carlsson Hauff said.
Many respondents overestimated how much money they would get when they retire. Fifty-six percent had hopes for their future pension that won't be satisfied at their current income level and within the current system.
Photo: Janerik Henriksson / TT
An advert for Sweden's Åhléns has unleashed a heated online debate after the department store chain unveiled a new campaign featuring a dark-skinned child, whose gender wasn't obvious to all, dressed as a Lucia.
Photo: Thord Nilsson / TT file picture
Ninety-year-old IKEA founder Ingvar Kamprad has suffered from a broken hip, which temporarily resulted in him being hospitalised, but is now in good recovery, his assistant said on Sunday. He may have to skip the traditional IKEA Christmas celebrations in his native Älmhult though.
Photo: Erik Johansen / TT
Although perhaps one of the hottest potatoes in the Swedish political debate right now, many Swedes still find it hard to pinpoint exactly what Swedish values are, a new study shows.
Demonstrations were held in 25 towns and cities across Sweden on Saturday. Photo: Janerik Hansson / TT
Thousands of people staged demonstrations across Sweden on Saturday to protest recent cutbacks in the budget funding personal assistance for people with disabilities.
No suspects have yet been arrested over the attack. Photo: Claudio Bresciani/TT
Swedish police have launched a massive manhunt after masked gunmen barged into a Stockholm café and shot two people to death late on Friday.
Is Swedish fika the secret? Photo: Fredrik Sandberg/TT
Sweden is home to the fourth happiest workers in the world, an international survey has claimed.
Christmas comes early for Ikea staff. Photo: Vegard Wivestad Grøtt/NTB scanpix/TT
Staff at Ikea are getting an early Christmas treat in the form of millions of euros to share between them.
Should Facebook crack down on hate speech? Photo: AP Photo/dapd, Timur Emek
Sweden could impose legal obligations on Facebook as a last resort if the social network does not crack down on hate speech and fake news, the culture and democracy minister has threatened.
An artist's impression of the hotel in winter. Photo: PinPin Studio/Icehotel
The famous Icehotel in Jukkasjärvi has just opened its new year-round section. Have a look at some of the first pictures of one of the world's most unusual hotels here.
The Local List
It doesn't look bad for 250 years old. Photo: Regeringen
On the day of its 250th anniversary, The Local looks at five facts worth knowing about Sweden's groundbreaking Freedom of the Press Act.