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The Foresight Centre developed three scenarios that represent the financial situation in 2050 of people who had received an average salary and have recently retired.

Although Estonia’s pension system is sustainable, it does not ensure financial well-being for the future elderly, and people must take increasing responsibility in securing their future, says the study of the Foresight Centre.

Estonian people tend to give a high assessment of their financial well-being, but they invest less in securing their future than their knowledge and incomes would allow of, studies of money wisdom reveal.