A new study of You function About pensions and financial education reveals that the vast majority of Spaniards refuse to expand the retirement age beyond 67 years of today. According to the ‘2025 survey on pensions and financial education‘, made to 1,070 people between 18 and 75, 87% is shown against delaying it to 70 years, A rejection that reaches 90% between women and 83% among men.
“The attention that the rejection percentages also reach very high values among young people, with a maximum of 96% among women aged 18 to 30, attracts a lot of attention,” he says Elisa ChuliáFuncas researcher and responsible for the study.
In addition, three quarters of respondents You don’t want to work beyond 67 yearsand even six out of ten want to retire before, mostly between 61 and 64 years. 15% of respondents with university studies (8% in women) maintain that they would like to work beyond 67 years, while in the generation of babyboomers (48-66 years) the percentages are 9% in men and 3% in women.
Ignorance about pensions
51% of Spaniards do not know correctly How are the pensions And the amount of the average pension in Spain, with a thickness of the population that underestimates the performance of the pension system, as it can be extracted from the ‘2025 survey on pensions and financial education‘prepared by You function.
“Society can hardly participate in a pension debate if its level of knowledge on the matter does not rise,” said the Funcas researcher, Elisa Chuliáat a press conference this Thursday to present the survey data, which has been made by telephone on a sample of 1,070 people of Spanish nationality of between 18 and 75 years.
According to the expert, 46% of respondents respond that pensions are paid with current social quotes and 3% respond that with current social contributions and taxes. Those who respond both options (current social contributions and social quotes + taxes) They do not reach the middle of the sample (49%).
On the other hand, 17% think that pensions are financed with “the contributions paid by pensioners when they worked” and 26% respond that pensions are financed with “general taxes.”
As for whether the average retirement pension is above or below 1,200 euros, an approximate amount of the Minimum Interprofessional Salary (SMI) In 2025, the ignorance of society It is “clearly more generalized.”
At the time of conducting the survey, both the average retirement pension and the average pension pension were above the SMI, but two thirds of the respondents (66%) responded that the retirement pension was “quite lower” (30%) or “somewhat lower” (36%), undervaluing their amount.
This way, Only 18% of respondents responded well to both answers, while in the women’s collective knowledge drops to 7%.
The expert has assured that ignorance is “quite widespread”, even among the employed population. “We have all failed, it is not a recent failure, it can be dated perhaps in the 90s, it is then that the debate on pensions began,” he said.
For Chuliá, demographic projections underestimated the impact of immigration and the incorporation of women in the labor market and society has not been informed about pensions without this being subject to “partisan debates”, which has joined the little interest of the population for economic information.
“We have not achieved Move information enough information On this subject so that at this point, when we already have the problem at the door, I had the necessary information to assess the news that from now on arrives on this issue, “he said.
67% are concerned about pension sufficiency
On the other hand, 67% of respondents are quite concerned about the sufficiency of their pensions: 31% worry a lot and 36%, enough.
Among the Older than 45 years36% are very concerned about “the possibility that their retirement pension” is not enough to live without trouble “and a proportion of equal size,” quite “(36%).
Among the minors of that age, the concern is reduced, but even among the surveyed from 18 to 30 years, the percentage of those who house “much” or “quite” concern around values close to 60%.
Especially restless people manifest women over 60 years old, to 56% of which worry them “a lot“The sufficiency of your pension (and 15%,” quite “).
In addition, 79% of those who express “much” or “quite” concern about the possibility that their future pension is not enough to live without trouble think that “Within 10 years” pensions “will be smaller.”
The percentage of those who believe that this will happen reaches its highest value in the group of respondents from 18 to 30 years and surveyed from 31 to 45 years (80%in both cases), while it is lower among the 55 or more years respondents (60%-65%).
These data, the expert has indicated, suggest that “There is a restless population,” but “not alarmed,” about what is going to be your ability to live without trouble when you retire.
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Division on the impact of immigration on pensions
On the impact of the immigration In the pension system, the survey reflects that the opinion of the Spaniards is divided, with 48% who shares that the future of pensions will be saved by immigrants and 46% who disagree.
For sexes, differences are barely shown, but by level of studies and age. Thus, the refusal is more shared between men with studies lower than secondary education (74%) and lower among those who have university studies (39%), figures that in women are 55%and 45%, respectively.
By agesthose who do not think that immigrants will save pensions are 53% in the case of young people from 18 to 30 years and 33% among those over 60. On the opposite side, 42% and 50%, respectively, respond affirmatively to this question.
500,000 ‘boomers’ considers working beyond retirement
Thus, just under 500,000 respondents ‘Boomers’ prolong your work career beyond retirementa figure that would increase if those they would like to work “as they are able to do it.”
In addition, three out of ten retirees are in favor of return to the labor market to complement your pension with a salary retribution through some formula, such as Reversible retirement (or flexible) that the government is modifying to make it more attractive.
The expert recalled that the preference does not depend only on the will of the workers, but on the company disposition, So it is difficult to translate this data into how many retirees would return to the labor market.
About the pension plans27% of respondents say they have one, a percentage that is below those who believe it makes sense to have a pension plan.
There is no generational conflict over pensions
Asked about the existence of a possible generational conflict for pensionsthe expert has assured that the survey has not resulted in this situation of Spain today.
“It is possible that in the conversations between young people this argument arises, that my grandfather lives better than me. Already, but it is my grandfather. Eye with touching my grandfather. In a way it is so and should even live better“He concluded.
