Economy
More than half do not save for retirement, and the majority is due to lack of resources
A study by the Insurance and Pension Funds Supervisory Authority (ASF) reveals that 55% of the population does not actively save for retirement, primarily due to financial constraints. While 49% of respondents believe retirement planning should begin before age 30, only 28% currently hold a long-term retirement savings product, highlighting a heavy reliance on the public pension system.
Why it matters
This data highlights the systemic difficulty many residents face in building a financial buffer for retirement beyond the public social security system, suggesting you may need to look into supplementary savings products early if your current income allows for it.Correio da ManhãRead original ↗
