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Millions of Us Will only Be Able to Retire if We Cash in on Our Properties

Summary by The Local - Es
A new study has predicted that young Spaniards struggling to get into the job market will also be punished later in life by having to work into their seventies.

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Center

The late entry into the world of work of young people, with an employment rate of between 16 and 29 years 15 percentage points lower than that of 2007, will mean that those who retire in 2065 and who have been able to contribute only 30 years must compensate their lower contributions by delaying retirement until 71 years if they want to maintain the previous standard of living.This is indicated by the BBVA Foundation and IVIE in the report 'Pres…

·Madrid, Spain
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Lean Left

The difficulties in achieving long careers will lead to a delay in retirement, according to a study by the Ivie and BBVA Foundation

·Spain
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Lean Right

The government took advantage yesterday of the new employment record reached in June to highlight the good behaviour of the labour market in a specific group: young people. Without...

·Madrid, Spain
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A recent study by the Valencia Institute of Economic Research (Ivie), in collaboration with the BBVA Foundation, Present and Future of Spanish Youth, presents a complicated scenario for younger generations in relation to their future retirement. According to their estimates, people who are now between 16 and 29 years old will have to delay their retirement until they are 71 years old if they want to receive a pension equivalent to their last sal…

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  • 40% of the sources lean Left, 40% of the sources lean Right
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Indice Político broke the news in on Tuesday, July 1, 2025.
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