Old -age provision: What many retired people regret

Does the Swiss population feel sufficiently secured financially? How much savings do you need to feel safe? Four insights into the financial well -being of the Swiss population – and why women tick differently in money issues.

How well does Switzerland feel secured? Sotomo examined this question on behalf of the insurer Zurich. Four findings from this survey.

Every fourth person feels insufficiently secured

The good news is: 77 percent of the Swiss population feel enough to very well financially secured. But that also means that almost every fourth person lacks this feeling of security. As a rule, the older, the better trained and the higher the income, the better the financial security.

Men also judge their situation more confidently than women. This is likely to be reflected that men still have higher income, higher levels of employment and accordingly better pension.

Income has the greatest influence on the feeling of security. If you earn more than CHF 10,000 per month, you feel safe. 4 percent of those surveyed feel poorly secured. In the case of income below 4,000 francs, this value is 39 percent.

With this cushion, Mr. and Mrs. Schweizer feel good

How big does your emergency hews have to be so that you can sleep calmly? The Sotomo study has resulted in a median value of CHF 19,600 per budget. The range is enormous. The majority of the respondents can live well with a cushion of less than CHF 10,000 – others need a six -figure amount in the account.

There are also differences in this point depending on age and gender. For example, women are satisfied with CHF 13,200, while men only feel safe from CHF 23,600. In addition, older people indicate a higher security threshold: the retired value is CHF 63,300.

Women have more money worries than men

Every third respondent reports about money worries in the past twelve months. For people with an income of less than 4,000 francs per month, it is more than every second. Women have significantly more money worries than men.

The money worries affect health. 39 percent of those affected sleep worse, 38 percent feel fearful and a quarter fight with depression or irritability. Money worries also affect the relationships: Almost two thirds of the respondents who had financial difficulties last year state that they have argued about money with her partner, at least occasionally.

It is interesting that 58 percent feel insufficiently secured by the state. This also applies especially to people for whom the state security net is primarily designed. 67 percent of people with an income of less than 4,000 francs feel insufficiently secured in a financial emergency. But even people with an income of over CHF 10,000 struggle with the state security net: 45 percent do not feel sufficiently covered.

Payments in the 3rd pillar missed

The AHV (1st column) is intended to secure the existence, allow the pension fund (2nd column) to keep the usual standard of living in retirement age. Does the population believe in this promise? Only partially. The survey shows that 52 percent of the population assumes that they can keep their living standards in retirement age. Although women look at retirement age more skeptical than men.

The Sotomo survey shows that in retrospect, every second retired person decides decisions in the area of ​​provision. 30 percent state that they regret that they have paid too late or too little into the 3rd pillar.

The third column is a popular savings hikel – also because it can save taxes. Around 60 percent of the employment population pays into the third pillar, whereby there are significant differences according to age and after income. The most common reason why someone does not invest in Pillar 3a is that the money is simply missing (68 percent).

Anyone investing in the third pillar does this primarily to be able to keep the standard of living in old age. After all, 44 percent also indicate tax advantages. These are one of the reasons why the respondents deal with their pension.