Turks worried about funding retirement: study

Insurance giant publishes survey data claiming a majority of the people in Turkey don’t feel they have saved enough to live comfortably in their golden years.

Turks worried about funding retirement: study

World Bulletin/News Desk

Many Turkish people are worried about funding their retirement but are still failing to prepare for old age, according to a major new study released on Wednesday.

International insurance giant AVIVA released survey data from across 12 countries in Istanbul on Wednesday. Its findings reveal that only 29 percent of people in Turkey have saving products – one of the lowest rates among the countries examined.

A staggering 34 percent of participants in the survey said they do not save money at all and less than a quarter have pensions.

The “AVIVASA Consumer Attitudes to Saving 2014” is based on a survey of nearly 12,000 people in developed countries such as Britain, France, Spain, Italy and the U.S. and also in developing countries such as Poland, India, China and Singapore.

Findings revealed almost half of Turkish consumers were gloomy about their country’s economic situation, making them the second most pessimistic after France.

Another striking fact the survey revealed was that more than half of the people in Turkey think that they are likely to have to work past the usual retirement age.

 

Last Mod: 24 Aralık 2014, 14:15
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