Swedbank: Women’s wages are increasing more slowly

In the past 25 years, women’s earnings have increased by 70 percent, which is comparable to 53 percent for men.

However, men still earn more than women. If the equation continues at the historical pace, business income will be equal by 2048, according to a new report from Swedbank.

But there are now signs that the gap is closing more and more slowly, according to the big bank.

“In the past five to 10 years, the rate of parity has slowed. If it continues like this, it will take much longer before we see equal incomes,” Madeline Falkenhill, sustainability economist at Swedbank, says in a comment.

Women’s lower wages also make them more vulnerable in the bad economic times, which Sweden is currently going through. Only 58 percent of women who live with someone say they will have to make ends meet in the event of a separation. A year ago, it was 63%.

Pensions for women also increase more than for men. Despite this, men still have more than SEK 5,000 per month left in the pension.

“The size of the pension you receive is the effect of the salary you have earned during your working life. The generation that receives equal wages during their entire working life will also receive equal pensions. But this is not expected to happen until 60-70 years from now.” , as commented by Madeline Falkenhill.