Report: More people are working at an older age

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Report: More people are working at an older age
Photo: Pontus Lundahl/TT

More people aged 65-69 are working, according to a report from the Swedish Pensions Agency. Since the new pension system was introduced in 2003, the proportion of people in this age group working has increased from 14 to 34 percent, according to the agency.

"An important reason is the gradually increased retirement ages," the authority writes, referring to increased age limits in the pension system that came into effect in 2023.

The report also shows that 36 percent of 65-year-olds had a salary as their main source of income last year. This is an increase from 29 percent in 2022, the year before the age limits were raised. At the same time, the proportion of 65-year-olds with a public pension as their main income has fallen from 68 to 47 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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