US EditionYoung People Must Delay Their Retirement Until They Are 71 Years Old to Receive a Decent Pension
10 Articles
10 Articles
The difficulties in achieving long careers will lead to a delay in retirement, according to a study by the Ivie and BBVA Foundation
Retirement is a matter of concern to many. It is a matter to consider for the future. To be able to retire, it is necessary to prove a certain number of years of contribution and to have the legal age to become a pensioner. In general, the ordinary retirement age in Spain is 66 years and 6 months in 2025, or 65 years if 37 years and 9 months of contribution are credited. However, there are specific situations where retirement at age 70 is possib…
The late entry of young people into the labour market will make it more difficult for them to reach the ordinary retirement age with a career long enough to maintain their standard of living, which would force them to delay their retirement until the age of 71.
The delay in entering the Spanish youth labour market will complicate their arrival at the ordinary retirement age with enough career to maintain their standard of living, which will convict them to work until the age of 71. This is the main conclusion that is drawn from the study published this Thursday by BBVA and the Valencia Institute of Economic Research (Ivie), which points out that with the youth employment rate set at 43.2%, 15 points le…
The vulnerability of young people in the labour market will have a first consequence: the retirement age can be delayed to 71 years. This is said by a study by the BBVA Foundation that warns of their precariousness
A study by the BBVA and Ivie Foundation warns that the delay of young people in working and pension reform can greatly limit their retirement. More information: Gonzalo Bernardos, economist: “In Denmark retirement will be in the 70s and Spain will certainly follow that path.”
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