Cost of Living
Only 28% of Portuguese have retirement savings products and majority say they have no way to save
According to the Long-Term Retirement Savings Observatory by the insurance regulator ASF, 55% of the population says they lack the financial resources to save. Only 28% hold a retirement savings product such as a PPR, retirement certificates, or pension funds, and participation drops to 17% among young people.
Why it matters
If you are planning your retirement finances in Portugal, you are part of a majority where over half of residents report being unable to save and few hold dedicated retirement products.ExpressoRead original ↗
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