Population, 65+ years old, with low economic standards, share (%)

The share of people aged 64 and over with a low economic standard expressed in %; Disposable income is the sum of all taxable and tax-free income minus taxes and other negative transfers. Income is recognised both including and excluding capital gain/loss, i.e. the profit/loss arising from the sale (realisation) of assets, e.g. shares, mutual funds or real estate. Economic standards have the household as the Income Unit and the individual as the unit of analysis. This means that all household members’ disposable income is summed up. Thereafter, the household’s total disposable income is adjusted using an equivalence scale based on the size and composition of the household and distributed equally among the members of the household. The publication of the income year 2021 introduced an increased equivalence scale, taking into account that children can share their residence between parents if the parents do not live together (so-called alternating housing). The extended scale will apply from income year 2011. Further information can be found in the quality declaration of the statistics. The following scale is used in the statistics: Weight Solitary 1.00 Cohabitating couple 1.51 Additional adult 0.60 First child 0-19 years 0.52 Other and subsequent children 0-19 years 0.42 Interchangeably living children 0-19 years, first child 0.38 Interchangeably living children 0-19 years, second and subsequent children 0.28 Example: A cohabiting couple with two children has a disposable income of SEK 490000. The household has a total consumption weight of 1.51 + 0.52 + 0.42 = 2.45. The household’s disposable income per consumption unit will then be SEK 490000/2.45 consumption units = SEK 200000 per consumption unit. This means that the household has the same financial standard as a single resident with a disposable income of SEK 200000. Low economic standard refers to the proportion of people living in households whose economic standard is less than 60 per cent of the median value of the nation.