The ING International Survey Savings 2019, the eighth in an annual series, surveyed 14,695 people in Europe, the US, and Australia, and discovered the majority worry about not having enough money in retirement. The findings show that many people are “sleepwalking” into a financial crisis with little or no savings toward their golden years.
The ING International Survey Savings 2019 highlights the difficulties people are facing across Europe, the USA and Australia when it comes to meeting long-term savings goals, such as funding retirement. The survey, the eighth in a savings series repeated annually, canvasses the views of nearly 15,000 people in 15 countries, reveals that six in ten (61%) of non-retirees across Europe worry they won’t have enough money to live on when they retire. This is no surprise when you realise that high shares (27%) have no savings at all. Among this group, two-thirds (66%) tell us they simply don’t earn enough to put anything aside. And many who do have savings aren’t massively better off: 42% in Europe say they have no more than three months’ take-home pay put aside. Results from the USA and Australia are similar.
You can download the full study at this link.