JOHANNESBURG - A new Sanlam survey has found that young people do not worry too much about saving for retirement.
It found that 60 percent of South Africans are saving for their wind-down years, while 24 percent believe they wonât be able to afford to stop working at all.
In the current South African context, retirement planning ranks as a low priority.
The survey shows that young people are committed to furthering their education or pursuing entrepreneurial ventures.
This means many people are not on track to stop working when the time comes.
Forty-four percent believe theyâre not doing enough to make their goals a reality. Worryingly, 33 percent had not started planning at all.