Survey: Pension pessimism grows among Finns — yet few want the system overhauled
Cuts to the pension system seem increasingly likely as Finland looks to make some 10 billion euros in fiscal adjustments over the coming years.
A new survey conducted by the Finnish Pension Alliance (TELAA) reveals growing pension system pessimism among Finns, yet a majority remain unwilling to overhaul the existing structure. The survey found that 60 percent of respondents believe earnings-related pensions may no longer suffice to cover living costs by 2050, with younger generations expressing even greater doubts.
TELAA CEO Saara-Sofia Sirén attributed this growing uncertainty to recent debates suggesting younger generations will bear the brunt of proposed pension reforms. Despite these concerns, the survey indicates that a majority of Finns still trust the current pension model and are reluctant to change it, with 75 percent favoring earnings-related pensions as a mandatory system.
There is also a strong consensus that pension funds should not be used for other purposes, with only 11 percent advocating their use for alternative purposes. TELAA's findings suggest Finns are seeking a gradual, long-term development rather than an immediate overhaul of the pension system.
Written by urgent.news from Yle News Finland's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
