Pensions and Retirement quiz
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What does the FI in the FIRE movement stand for?
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More questions about Pensions and Retirement
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What do you call joining a pension unless you opt out?
Answer: Automatic enrolment
Why: In one US firm, 86% of new hires joined under automatic enrolment, against 37% when staff had to opt in.
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About how many working-age people did the EU have per over-65 in 2025?
Answer: About 3
Why: Eurostat projects the ratio to reach 59.7% by 2100, which means fewer than two working-age people per over-65.
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How much does a 1% yearly fee shrink a lump sum over 35 years?
Answer: About 28%
Why: At 7% a year for 35 years, $25,000 grows to $227,000 with 0.5% fees but only $163,000 with 1.5% fees.
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Which habit can get you a higher annuity income?
Answer: Smoking
Why: Insurers pay smokers more each year because they expect to pay them for fewer years.
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How much lower were EU women's pensions than men's in 2024?
Answer: About 25%
Why: The EU's gender pay gap was 11.1% in 2024, so the pension gap is more than twice as wide.
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What colour is Sweden's yearly pension statement envelope?
Answer: Orange
Why: The envelope covers both parts of Sweden's public pension: the income pension and the premium pension.
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