Sweden's pension system cuts a generation's benefits and may raise retirement age to 70

Sweden's pension reforms have created a gap for a whole generation. University and research studies completed before 1995 did not count toward pension points, leaving retirees about 436 SEK less per month for life. A calculation for a person born in 1970 with five years of full‑time study and 44 years of work shows a monthly pension of 22 623 SEK instead of 23 059 SEK if those study years had been pension‑eligible.

An OECD analysis predicts that young Swedes entering the labour market in 2024 may have to work until age 70 before they can retire, extending the current retirement age of 66 for men and women by four years. The EU average is also expected to rise to around 66.7 years. The same report warned of a wave of fraudulent bank emails targeting consumers, urging them not to share credentials or click verification links.