Pension
Great concern about poverty in old age in the young generation
A majority of young people are worried about their financial security in retirement. A number of savings therefore already save for old age. But many in gene Z have no idea about finances.
Great worry of old-age poverty and often little knowledge of the possibilities for private pensions- in this area of tension, the gene 83 percent of 18- to 30-year-olds are worried about their financial security in retirement, as a Forsa survey for the credit card provider Visa and Direktbank ING Germany showed. Only about every second (52 percent) of the 1,002 respondents are familiar with finances.
Despite all the problems of pension insurance in the young generation, trust in the legal pension is still widespread: a majority of 56 percent of the participants in the survey from July are expected to receive a state pension in old age. Almost a third (31 percent) do not expect it.
Many save for old age
After all, from those who save or invest in their own statements do 55 percent for retirement provision. The ING is also observed this trend, which has evaluated data from around 1.16 million young customers in addition to the survey. A third of it has a securities depot, almost half (45 percent) saved regularly by securities savings plan – an average of around 350 euros a month. The majority of these deposits (88 percent) flow into stock exchange -traded index funds (ETFs).
Attachment tips from friends instead of bank consultants
The most important advisors of the young generation in terms of investment are by far family, friends and acquaintances. Recommendations from the bank or bank advice consider a good half of the respondents to consider it important. Every tenth releases on FinFluencers, which are out on social media channels such as YouTube, Instagram and Tiktok. Consumer advocates and financial supervision regularly advise caution for investment tips on social media.
A good two thirds (69 percent) of the respondents state that they have acquired financial knowledge themselves. The very few people from school feel well prepared for dealing with money: just 6 percent of the survey participants stated that they had learned enough at school on the subject of finances.
dpa
Source: Stern
