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Report: Swedish pensioners best off in Europe

TT/The Local · 17 Aug 2010, 17:00

Published: 17 Aug 2010 17:00 GMT+02:00

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Even without the tax cuts, the situation for pensioner groups is improving with them suffering lower rates of financial deprivation than other groups in society.

The proportion of pensioners with low economic standards has fallen steadily since 2000, when it was about 7 percent. By 2007, the figure had fallen sharply to only 2 percent.

In the same time period, among the general population, the figure increased over the years from 8 percent to just under 15 percent, according to the Ministry of Health and Social Affairs.

"The group of pensioners is not so easy to describe," said Gunilla Nyström, private economist at SEB. "Among them are older women who have not worked full-time and now live on social security and housing supplements."

"At the same time, pensioners own a very large proportion of the Swedish people's total wealth. As such, there are pensioners who in principle do not own anything and have very low incomes and there are pensioners who have a very good pension and significant assets."

From an international perspective, Swedish pensioners are doing very well. According to a statement made in 2008 by AMF, Swedish pensioners and their Austrian counterparts actually had the best living conditions in Europe. Moreover, the Swedish pensioners were happier than the Austrians, according to the survey.

However, the Swedish National Pensioners' Organisation (Pensionärernas riksorganisation, PRO) claims that pensioners have slipped behind - at least at the individual level.

Story continues below…

According to a report by the PRO, the real wages of workers have increased by 40 percent over the past 15 years, while those of pensioners in principle has remained flat.

"This is a development that will not end unless something radical is not done," said Maja Fröman, information director at PRO.

TT/The Local (news@thelocal.se)

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Your comments about this article

18:36 August 17, 2010 by NickM
But Sweden weren't neutral in WW2 as everyone should know by now. They supplied iron ore to the Nazis.

I like the way too now that the previously unheard of "Swedish National Pensioners' Organisation (Pensionärernas riksorganisation, PRO) " is suddenly in the press everywhere since Reinfeldt promised to cut pension taxes.

Coincidence. I think not. The press are behind Reinfeldt in this election. Not that it makes much difference - the social democrats aren't much further left but there are minor differences,
23:40 August 17, 2010 by xenyasai

"But Sweden weren't neutral in WW2 as everyone should know by now. They supplied iron ore to the Nazis. "

And what is your point?

Every country has something they are and should be ashamed of. The most important is that they learn from their mistakes.

Where are you from? Are your country without flaws maybe?
16:25 August 18, 2010 by Britswedeguy
"But Sweden weren't neutral in WW2".

Yes they were.

Did they fight for the Nazis? No.

Were they occupied by the Nazis? No.

Did they give shelter to Allied service personnel? Yes.

Don't talk out of your arse without at least having some idea of the facts.
12:09 August 23, 2010 by flintis
The article is about pensions not WWII, and the conclusion of the article is Bull Sh?t.

Swedish pensioners are not the best off in Europe, they could be if the policy of taxing pensions was changed to only taxing the filthy rich pensioners.
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