During the first decade of the 21st century in Sweden, inequality and risk rates of poverty have increased among young pensioners (between 65–74 years of age). A new public pension system, combined with demographic and economic developments, is expected to add further to these trends. Following this context, the aim of the present dissertation is to survey and understand patterns of economic hardship and its meaning in young pensioners’ everyday lives.
The study design is qualitative and takes “subtle realism” as its philosophical theoretical starting point. Economic hardship represents the economic conditions faced by young pensioners who receive the housing supplement for pensioners. It is examined through a relative perspective on poverty. The empirical data primarily consists of interviews with 30 people who live with economic hardship and 17 people who live with comparatively better economic conditions. The theoretical framework consists of theories of social exclusion, coping and life course.
The participants’ life histories show four paths to economic hardship – continuity, slope, fall and roller coaster. The last three have not been explicitly described in research before. In elderly life, young pensioners describe experiences of exclusion from the possibility to achieve healthy aging, independence, freedom of choice and meaningfulness, due to their economic hardship. When combined with psychological illness, social isolation, alcohol misuse, and restricted mobility, this exclusion becomes more severe. By focusing on favourable aspects of life and adjusting preferences to fit what has been achieved, young pensioners manage to feel satisfaction with their lives despite consequences of economic hardship.
In conclusion, it was primarily situational factors earlier in life that explained economic hardship among young pensioners. In contrast, the findings indicate that it is the present and future – not the past – which for the most part shape young pensioners’ coping with economic hardship. This last finding is at odds with previous assumptions. Finally, as consumption becomes increasingly central in young pensioners’ everyday lives in general, the consequences of economic hardship become more striking within the age group.