A new report published by the Swedish Pensions Agency shows that as many as 245,000 people of over the age of 65 are below the poverty threshold.
In comparison with the rest of the Nordic countries, Sweden has the highest proportion of poor pensioners (or as the Pension Agency calls it, pensioners with a “relatively low financial standard”).
In the press release, the agency wrote that “the main reason why older people do not reach the upper limit of a relatively low economic standard is that they do not have, or are not entitled to, maximum housing allowance and/or elderly support”.
Of the 245,000 people who were below the limit of relatively low economic standard in 2017, 162,000 were women.
“Women, single individuals, and the oldest in the age group over 65 are those that are at the greatest risk of falling below the income threshold for relatively low economic standards. The main reason for this is a combination of low income-based pensions and low housing costs,” says chief Pensions Agency analyst, Ole Stettergren.
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