Spain. Fedea detects advances in the sustainability of pensions but warns of “excessively optimistic” projections

The Foundation for Applied Economic Studies (Fedea) has presented a paper in which it appreciates an improvement in the structural sustainability of the public pension system in Spain after the reforms of 2021 and 2023, focused on strengthening revenues and delaying the effective retirement age. However, the document insists that these conclusions should be taken "with great caution," as they depend on a series of macroeconomic and demographic hypotheses that Fedea itself considers "excessively optimistic." The hypotheses and assumptions labeled as...