More and more Spaniards are wondering at what age they will really be able to retire. An economics expert has issued a clear warning about what awaits younger generations. The reality that awaits us regarding pensions is very different from what previous generations experienced.
While many still imagine retiring at 65, as their parents did, the data paint a very different and more complex scenario. According to economist Daniel Lacalle, those born after 2000 are facing a deeply transformed system. "It's going to be much later and they're going to receive a much lower pension," the economics expert summarized.
Why is it increasingly difficult to guarantee a decent pension?
Lacalle, author of the book The New World Economic Order, has detailed the reason for his concern. In his analysis, the real challenge is not the certainty of receiving a pension, but the constant decrease in its real purchasing power. In addition, he has pointed out that these people will have to face a higher tax burden for more years to keep the system going.
The warning is not gratuitous nor does it stem from unjustified alarmism. The increase in life expectancy, low birth rates, and delayed entry into the labor market have put considerable strain on the system. Added to this is the fact that there are more and more pensioners and fewer contributors per active worker.
How will retirement change for new generations?
The economist has explained that those who are now between 20 and 30 years old will pay more taxes over a longer period to keep current pensions going. In return, they will receive a lower benefit in real terms and will retire later than any previous generation. This imbalance highlights the urgency of implementing deep and consensual measures that guarantee future viability.
Lacalle's warning has especially resonated with those preparing for an uncertain future. The idea of a guaranteed and comfortable retirement has faded in the face of a new scenario with more years worked, lower pensions, and greater individual responsibility. This message, difficult to accept, is a reality that demands a rethink of future economic planning.
That's why many experts agree that decisions must be made now, without delay, before the problem becomes irreversible. The debate about the future of pensions can no longer be postponed and must focus on realistic and effective measures. Those who are under 40 today deserve concrete answers and viable solutions, not empty promises or false expectations.