{"id":173238,"date":"2025-09-29T16:39:26","date_gmt":"2025-09-29T16:39:26","guid":{"rendered":"https:\/\/teknomers.com\/en\/are-pensions-above-the-minimum-interprofessional-salary-smi-two-out-of-three-spaniards-mistakenly-believe-that-they-will-receive-payments-below-that-threshold\/"},"modified":"2025-09-29T16:39:26","modified_gmt":"2025-09-29T16:39:26","slug":"are-pensions-above-the-minimum-interprofessional-salary-smi-two-out-of-three-spaniards-mistakenly-believe-that-they-will-receive-payments-below-that-threshold","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/are-pensions-above-the-minimum-interprofessional-salary-smi-two-out-of-three-spaniards-mistakenly-believe-that-they-will-receive-payments-below-that-threshold\/","title":{"rendered":"Are pensions above the minimum interprofessional salary (SMI)? Two out of three Spaniards mistakenly believe that they will receive payments below that threshold."},"content":{"rendered":"\n
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The level of knowledge of the \u00a0Spanish population\u00a0 about the operation and general performance of the \u00a0pension system\u00a0 in Spain is alarmingly low. A study by You function<\/strong> reveals that “only one in eight people between 18 and 75 years (one in six men and one in 14 women) knows how pensions are financed and what the average amount of the \u00a0retirement benefit\u00a0 is\u2014the most frequent benefit in the system.”<\/p>\n

This lack of understanding coincides with an increasingly aged Spanish population, where the number of individuals aged \u00a065 years or more\u00a0 continues to grow. According to \u00a0Eurostat\u00a0 data, children aged 0 to 14 years represented 15.2% of the population in 2014\u2014just 0.1 percentage points below the European Union average. Fast forward to 2024, this demographic has decreased by 2 percentage points, now standing at 13.2%\u20141.4 percentage points less than the average amongst the 27 EU countries. While the child population has declined in Spain and across the EU, the \u00a0adult\u00a0 group (15 to 64 years) has also reduced slightly, representing 66.4% of the population. Notably, the only age group that has increased in number is that of individuals over 64, which rose by 2.3 points, making up 20.4% of Spain’s population in 2024.<\/p>\n

Despite the \u00a0growing number of senior citizens\u00a0, there is a disturbing gap in the knowledge that Spanish citizens possess about their \u00a0pension system\u00a0, which is crucial to the broader \u00a0social security framework\u00a0. Remarkably, two-thirds of the survey respondents believed that the retirement pension was “much lower” or “somewhat lower” than the \u00a0minimum interprofessional salary (SMI)\u00a0. Respondents were asked if the average retirement pension is above or below \u00a01,200 euros\u00a0, which is the approximate amount of the SMI in 2025. The results show widespread ignorance, as both the average retirement pension and the average pension were over the SMI at the time of the survey, yet most respondents “undervalue their amount.”<\/p>\n

In addition to their limited understanding of \u00a0financing and pension system performance\u00a0, the respondents expressed \u00a0concerns about the sufficiency of future pensions\u00a0. A significant \u00a067%\u00a0 of respondents indicated they were worried about their future pensions, with \u00a031%\u00a0 stating they worry a lot and \u00a036%\u00a0 moderately. Among those aged over 45, nearly \u00a036%\u00a0 expressed being “very worried” that their retirement pension would not be sufficient to maintain a comfortable lifestyle, with an equal proportion being “somewhat concerned”.<\/p>\n

Foreign Maternity in Spain<\/h2>\n

The low birth rate coupled with increased life expectancy\u2014averaging \u00a084 years\u00a0\u2014is troubling the demographic structure of Spain. Fewer children are being born, yet an interesting trend emerges: \u00a0mothers of foreign nationality\u00a0 tend to have significantly more children than their Spanish counterparts. According to the latest data from \u00a0INE\u00a0, national women had \u00a05.76 children\u00a0 per 100,000 inhabitants, while foreign mothers recorded an impressive \u00a012.35 per 100,000 inhabitants\u00a0 in 2023\u2014the most recently available figures.<\/p>\n

This disparity raises questions about the implications for the pension system. With fewer Spanish births likely leading to a smaller workforce in the future, the financial viability of the pension system could be at risk. As the demographic pyramid tilts towards an older population, addressing these \u00a0knowledge gaps\u00a0 regarding pensions and encouraging higher birth rates may indeed be vital for the \u00a0long-term stability\u00a0 of Spain’s pension system.<\/p>\n

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Updated <\/span>


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General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The level of knowledge of the \u00a0Spanish population\u00a0 about the operation and general performance of the \u00a0pension system\u00a0 in Spain is alarmingly low. A study by You function reveals that “only one in eight people between 18 and 75 years (one in six men and one in 14 women) knows how pensions are financed and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[1834,42936,10671,10076,12132,1064,732,834,42937,38448,7766],"class_list":["post-173238","post","type-post","status-publish","format-standard","hentry","category-finance","tag-economy","tag-interprofessional","tag-minimum","tag-mistakenly","tag-payments","tag-pensions","tag-receive","tag-salary","tag-smi","tag-spaniards","tag-threshold"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/173238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=173238"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/173238\/revisions"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=173238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=173238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=173238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}