The last arrival of young people in the labor market; High presence of partial contracts (25.3% of young people, 12 points above the average population); temporality level (which doubles 34.4% versus 15.9%); salaries 34% lower than average; The slow progress of their income and pension reform will mean this, those who will resign in 2065 They will have to retire retirement up to six years if they want to maintain their standard of living.
This is the main conclusion of the last report published by the BBVA and IVIE Foundation, The present and future of Spanish youthwhich indicates that the unreliable conditions of young people “will be more difficult Complete enough to get a pension at the usual age retirement, which allows him to maintain his previous standard of living. “The level of classes aged 16 to 29 was 43.2% in 2024, which is 15 percentage points lower, which were registered in 2007 for the same age group (58.7%).
As the study explains, those who will resign in 2065 and who were able to quote only 30 years will have to compensate for their lower contributions, delaying the pension Up to 71 years.
Given the current legislation, he talks in detail that the gross replacement speed will be obtained – the relationship between the first annual pension pension, which a person and his annual salary will receive 90% over the past year (which means maintaining the previous standard of life) with 40 or more cited years and with a retirement age of 65 years. As a result, in order to save life with a 35 -year -old working career, a pension should be postponed to 68 years, and up to 71 years old, 30 years.
In addition, they remember that the replacement rate will be lower when the duration of the working career will be lower, that is, the pension will be less compared to the last salary. “This, if we join a decrease in the main salary, can lead to sufficiency and, therefore, the level of a well reduced both during their work and after retirement,” they say.
As for quotes, the study recalls that “young people should make great efforts of social security contributions in order to receive a pension with the frequency of replacement (the relationship between the first pension and the last salary) is two percentage points lower than the current one.”
