South Africans Aren’t Saving

South Africans Aren’t Saving

Research conducted by 10x Investments among more than a million respondents shows that 62% do not have any form of retirement plan or have little understanding of what they do have. 41% have no retirement plan at all.

53% do not know the value of their pension plan.

Less than 35% of black respondents have a pension or provident plan.

Less than 20% of black respondents have a retirement annuity.

More than 40% of women across all demographics have no investments or savings in any form.

  • 8 Oct, 2018