Advertisement / Customer service | About Us | Contact Us | Tell us what you think | Jobs | Shopping | Scandinavian travel | Archive | Cookies

Scandinavia Today / Sweden



Swedish pensioners earn the same as 28 year olds

Friday, 04 October 2013
The Swedish pensioners have been found to be more economically viable and despite economic stagnation which has stripped the youthful population of their incomes. It has been accounted that their earnings stand similar to those of able-bodied 29 years old workers.

Pensioners have not lost economically despite the weakening Swedish economy when compared to those who have work for the last six years. Revenue for the elderly has increased at about the same rate as for the younger workers, a new study reported on the Swedish daily, Dagens Nyheter show.
There are many factors being attributed to this but increased personal and housing allowance for pensioners stand out as one of the leading factors for this growth in earnings for that group.aging

This happens while the younger persons have been hit by rising unemployment and increased direct and indirect taxes as well as, the effects of the depression which made them to loose their jobs and various earned income streams.
The question now arising is who will work to build the economy and why should the pensioners be prioritised over preparing the younger people to take the mantle of the economy for the future.

Another factor here has to do with political posturing. Of course, the older people are a sure stable and reliable voting bloc. Should the incumbent want to be assured of a secured voting bloc, they only have to throw sweeteners to that bloc.
Looking at the numbers as they stand, those who are 65 and older, truly have been struggling, generally with lower incomes than most people of working age (19-64), but now the average pensioner has seen their economy strengthened at about the same rate as the average employee.

Between 2006 and 2013 , their average income has increased by nearly 16 percent more than those between 19 and 64 years old.
This has to do with disposable income, which is all the income earned after tax,  made up of revenue and profit contribution. These incomes include the pensioners pension, private pensions, grants and capital income.

The Authority's statement also shows that the average retiree this year has a total disposable income of around Skr17,000 per month. It is as much as an average incomes for a 28 years old.

by Team.

What do you think about this article? Did you spot an error? Please make a comments and join our network

Print Friendly and PDF