Survey: Financial confidence on the decline
According to a survey, many people are increasingly skeptical about their financial prospects in difficult economic times, especially among the older generation. 60 percent believe that their financial situation will be positive in ten years' time - four points less than in 2022, according to life insurance company Swiss Life, citing the survey.
Among retired older people, 46% are optimistic. In the previous survey, this figure was just over half. The opinion research institute Bilendi surveyed 1,000 men and women aged 18 and over on behalf of the company for the representative survey in June and July.
According to the survey, confidence in old-age provision is also low among people who put money aside in addition to their state pension: According to the survey, 32 percent believe that state and private pensions will enable them to lead a self-determined life in old age.
According to the survey, some of the assessments are self-critical: "Only a third of those surveyed have planned their financial resources for retirement well," explained Jörg Arnold, Head of Swiss Life Germany.
Clear gender difference in survey
According to the survey, there is a clear gender difference: 35 percent of men think their personal finances are well prepared for old age, but only 24 percent of women. According to the survey, a quarter of respondents think that they have taken care of their own retirement provision too late.
However, general satisfaction with their own lives has hardly fallen: 40% said they were satisfied or very satisfied overall, one point less than a year earlier.
- Despite the declining financial confidence, some retirees are still optimistic about their financial situation in the future, with 46% believing their situation will be positive in ten years, according to the Bilendi survey on behalf of Swiss Life.
- The survey also revealed that confidence in retirement provision is low among individuals who have supplementary savings, with only 32% believing that state and private pensions will provide them with a self-determined life in old age.
- In the survey, there's a clear gender difference in retirement preparation; while 35% of men feel their personal finances are well prepared for old age, only 24% of women share this sentiment.
Source: www.dpa.com
