ADVERTISEMENT

Retirement: worrying perspectives

Food

In a BellResearch survey, a higher proportion of respondents said that they are willing to move into a retirement home than would send their family members to such an institution.

According to a recently completed study by BellResearch, nearly half of the people above 35 years of age consider their post-retirement financial perspectives most worrisome. The study, prepared for AEGON Hungary, pointed out that the reorganization of the pension system has made people pay more attention to their post-retirement years. The study found that four out of ten people are most concerned about their retirement, and every fifth person deals with this question on a regular basis.

At the same time, however, the majority of respondents, 59%, are not seriously concerned with preparing for retirement.

The study highlighted that the over 35s are most concerned about unemployment and staying afloat. These areas of concern are followed by retirement: around 51% of the active population is seriously worried about its future pension, and 90% expect a post-retirement income lower than that of current pensioners. Also, 81% think that one should prepare for old age and start saving.

Some 60% of respondents are seriously worried about their savings, resulting from a loss of faith in the stability of banks and other financial service providers.

The majority of respondents estimate that between HUF 10,000-30,000 should be saved each month. However, only 21% of them are open to saving. Those who exclude the possibility consider their financial situation to be better than average. Counter-intuitively, they justified not saving by a lack of resources.

As for the care of the elderly, it is the family that is primarily responsible, the majority of people taking part in the research agreed. Some 40% would expect family members to support them in case of need. Interestingly, a greater proportion of respondents are willing to move into a retirement home than would be ready to send their family members to such an institution.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.