A new report from the Swedish Pensions Agency shows, among other things, that people born in the 1950s are taking out their pensions later and continuing to work at older ages than those born in the 1940s.

According to Stefan Granbom, an analyst at the Swedish Pensions Agency, the main reason for the longer working lives of those born in the 1950s is political decisions to raise the retirement age.

“The trend indicates a clear shift towards a longer working life,” he told Senioren.

The report also shows that 36 percent of 65-year-olds had a salary as their main source of income last year, an increase from 29 percent in 2022 – the year before the raised retirement ages in the pension system took effect. At the same time, the proportion of 65-year-olds with a state pension as their main income has fallen from 68 to 47 percent.

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Another finding from the report is that more and more people are starting to take out their occupational pensions before they start receiving their income-based pensions. The increases in retirement ages have also led to fewer years of payments from the social insurance system in the form of pensions, sickness benefits, sick pay, and unemployment benefits for those aged 60 and over.

Since the new pension system was introduced in 2003, the proportion of people working between the ages of 65-69 has increased from 14 to 34 percent.