Pension blow for Swedish women – worst in the Nordic region

Swedish women are not only losers compared to men when they retire. Nowhere else in the Nordic countries is the system as unequal as in Sweden, a new report shows.

» Published: October 19 2024

Pension blow for Swedish women – worst in the Nordic region
Photo: Martin Meissner/AP/TT

It is well known that women are at a disadvantage compared to men when it comes to pension. The starting point on the day they leave working life is not only bad from a Swedish perspective, but all other Nordic countries are more equal than Sweden, new figures show.

On behalf of the Swedish Pensioners' Association (PRO), Lina Stenberg at the Equality Institute has investigated the differences in a report to be presented later this autumn.

Among the conclusions is that while there is a 28 per cent difference between men's and women's pensions in Sweden, the difference is only 5 per cent in Iceland and 8 per cent in Denmark.

Too great a difference

Far too much, according to PRO, especially considering that the Nordic countries are fundamentally very similar, notes Joel Stade, expert on pension issues at PRO:

They are similar societies in the Nordic countries, unlike, for example, Germany, where there are still many housewives. This makes the differences striking, and we were quite shocked. We knew there were big differences, but not that big, he says.

The reason behind the unequal system is partly the unequal working life with lower wages for women, and partly the system itself, where the current occupational pension system contributes to the distortion, it is stated in the report.

Better savings

Male-dominated agreements in industries, for example, provide higher savings than agreements among female-dominated professions, such as municipal employees in the public sector.

There hasn't been much debate about this, but now the spotlight must be shone on it. Unions and employers must open their eyes to the fact that the construction yields these skewed results and that they take a discussion and look at this in the upcoming collective bargaining round, says Joel Stade.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Economist Warns US Tariffs Echo
2 MIN READ

Economist Warns US Tariffs Echo 1930s Trade War Risks

China Braces for Market Turmoil
2 MIN READ

China Braces for Market Turmoil as Stock Exchanges Reopen

Experts Predict Ongoing Stock Market
3 MIN READ

Experts Predict Ongoing Stock Market Volatility as Trade Tensions Rise

Maximize Your Tax Refund: Smart
3 MIN READ

Maximize Your Tax Refund: Smart Tips for Financial Gains

Zimbabwe Drops US Tariffs in
1 MIN READ

Zimbabwe Drops US Tariffs in Response to Trump's Trade Move

EU Tariffs on US Goods:
3 MIN READ

EU Tariffs on US Goods: Are They Really Unfair?

Over 50 Nations Seek Tariff
2 MIN READ

Over 50 Nations Seek Tariff Talks as US Markets React to New Policies

French PM Warns Trump's Tariffs
1 MIN READ

French PM Warns Trump's Tariffs Threaten France's Economy and Jobs

When to Sell: Expert Tips
2 MIN READ

When to Sell: Expert Tips for Navigating the Stock Market Slump

JP Morgan Warns of US
1 MIN READ

JP Morgan Warns of US Recession Under Trump, Predicts GDP Decline

Musk Advocates for US-Europe Free
1 MIN READ

Musk Advocates for US-Europe Free Trade Zone

Dousa Prioritizes Negotiations Over Retaliation
3 MIN READ

Dousa Prioritizes Negotiations Over Retaliation in EU-US Tariff Dispute

Record Number of Apartments for
2 MIN READ

Record Number of Apartments for Sale in Sweden's Housing Market

Jaguar Land Rover Halts US
1 MIN READ

Jaguar Land Rover Halts US Deliveries in Response to Tariffs

US Imposes 10 Percent Tariffs,
3 MIN READ

US Imposes 10 Percent Tariffs, Sparking Global Market Concerns

Coffee Prices Set to Surge
2 MIN READ

Coffee Prices Set to Surge Next Week Due to Poor Harvests

Trump's Tariffs Derail Tiktok Deal
1 MIN READ

Trump's Tariffs Derail Tiktok Deal for US Control

US Tariffs Challenge Swedish Firms,
3 MIN READ

US Tariffs Challenge Swedish Firms, Sparking Concerns and Opportunities

Netanyahu Heads to Washington for
1 MIN READ

Netanyahu Heads to Washington for Key Tariff Talks with Trump

US Stock Market Plummets $54
1 MIN READ

US Stock Market Plummets $54 Billion in Two Days Amid Trade Tensions

Trump Extends TikTok Sale Deadline
1 MIN READ

Trump Extends TikTok Sale Deadline by 75 Days

Nintendo Delays Switch 2 Pre-Orders
1 MIN READ

Nintendo Delays Switch 2 Pre-Orders in US Over Tariff Concerns

Klarna Delays US Stock Listing
1 MIN READ

Klarna Delays US Stock Listing Citing Market Uncertainty

US Stock Market Tumbles as
2 MIN READ

US Stock Market Tumbles as Tariff Tensions Escalate

Trump Pressures Fed to Cut
2 MIN READ

Trump Pressures Fed to Cut Rates as Powell Stands Firm on Inflation

US Job Growth Surpasses Expectations
1 MIN READ

US Job Growth Surpasses Expectations with 228,000 New Positions

Busch Urges Swedish Firms to
2 MIN READ

Busch Urges Swedish Firms to Stay Local Amid US Trade Uncertainty

Minister Warns of Global Trade
1 MIN READ

Minister Warns of Global Trade Impact as China Hits Back at US Tariffs

China Hits Back with 34%
2 MIN READ

China Hits Back with 34% Tariffs on US Goods, Files WTO Complaint

Ica Bank Cuts Mortgage Rate
1 MIN READ

Ica Bank Cuts Mortgage Rate to 3.68 Percent

Zuckerberg's Wealth Drops by 177
1 MIN READ

Zuckerberg's Wealth Drops by 177 Billion Kronor in Stock Market Slide

Sweden's New Trade Deal Boosts
1 MIN READ

Sweden's New Trade Deal Boosts Pay and Cuts Working Hours

Police Warn of Crime Surge
1 MIN READ

Police Warn of Crime Surge Risk Following Northvolt Bankruptcy

Cristina Stenbeck Returns as Kinnevik
1 MIN READ

Cristina Stenbeck Returns as Kinnevik Chairman After 7 Years

China's Tariffs Shake Stockholm Stock
2 MIN READ

China's Tariffs Shake Stockholm Stock Exchange, Expert Warns of Escalation

Stock Market Sees Largest Single-Day
1 MIN READ

Stock Market Sees Largest Single-Day Drop Since 2020 Pandemic

Sweden's Inflation Falls More Than
2 MIN READ

Sweden's Inflation Falls More Than Expected, Offering Economic Relief

Transport Unions and Employers Seal
1 MIN READ

Transport Unions and Employers Seal New Wage Agreement

Stockholm Stock Exchange Drops 4.2
2 MIN READ

Stockholm Stock Exchange Drops 4.2 Percent Amid Global Market Slump

EU Tariffs on US Goods
3 MIN READ

EU Tariffs on US Goods Could Raise Prices for Swedish Shoppers