Finland pension system trust gap widens among youth

A recent survey by the Confederation of Finnish Industries (EVA) reveals significant pessimism regarding the future of Finland's pension system. Approximately 47% of respondents believe the system will collapse and fail to pay out earned pensions.

The data highlights a stark generational divide in trust. Among those aged 26–35, 62% expect a collapse, and 56% of the 18–25 age group share this view. In contrast, only 29% of those aged 56–65 and 19% of those over 65 anticipate a collapse. Sami Metelinen, EVA's editorial manager, noted that this trust gap between generations poses a serious problem for the system's legitimacy.

Regarding potential reforms, 36% of the total population views pension cuts as necessary, though support for this is higher among younger workers (51%). Support for raising the retirement age has risen to 40%. Other preferred measures include limiting guaranteed pensions for those who have lived in Finland for only a few years (72% support) and implementing a statutory pension cap (61% support). Additionally, 36% of respondents expressed interest in a model similar to Sweden's, where individuals decide how a portion of their pension contributions is invested.