Los nuevos jubilados ya cobran 1.826 euros al mes: más que seis de cada diez trabajadores en España

In Spain, pensioners are already receiving an average of 1,826 euros per month, which is higher than six out of every ten workers' salaries in the country. This is due to Spain having one of the highest replacement rates for pension benefits among OECD countries, with 80% of a typical worker's last salary being provided to a median worker.

New retirees in the general regime, which is the most common benefit received by 48% of Spain's 10.5 million beneficiaries, saw their pensions increase to 1,826 euros per month in August, equivalent to 2,130 euros per month. This figure is based on pension calculations for those who have built longer and more stable careers and have higher regulatory bases.

The increase in pension payments is expected to continue in the coming years as the baby boomer generation enters the retirement system. However, this trend also puts pressure on the Social Security accounts, which are already under significant strain with a 60 billion euro annual contribution deficit that must be covered by taxes through transfers from the state to the pension system.

With Spain projected to have one of the worst birth rates globally in the coming decades, with a projection of only one child per woman by 2050, the dependency rate is expected to increase from the current 30% to nearly 40%. Compared to the current labor market, new retirees are earning more than 60% of working individuals, with the 55% to 60% range representing the majority of salaried workers.