Swedish Pensions ’Mediocre’

A new study reveals that Swedish pensioners live on a mediocre pension compared to other EU countries, reports news agency TT.

Swedish pensioners’ purchasing power was ranked ninth in Europe behind the UK and France. Austria topped the list that was complied by AMF Pension using statistics from Eurostat.

AMF pension said they were surprised at Sweden’s low position in the table, adding they expected Swedish pensioners to have a stronger purchasing power.

Just over a quarter of the population is over pensionable age of 65 in Sweden. The figure is predicted to rise up to 40 percent by 2035.

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