Half a million face pension poverty
At least one in ten workers in Sweden will not be getting an occupational pension – or pension from their employer, reports Swedish Radio News.
This means that unless they save on their own, they won't have enough money to take them into old age, because the basic state pension at best provides just half of what a person's salary did. Only people in union jobs are guaranteed a top-up from their employer. Monica Petersson, an expert at the Pensions' Agency explained to Radio Sweden why it's important to start thinking about pensions at an early age.