Most Russians are ready to save money in advance to provide for themselves after retirement

CrimeaPRESS reports:

Avito Rabota surveyed 10,000 Russians to find out how they prefer to accumulate savings. The study found that 61% of non-retirees surveyed are willing to save money in advance to live on after retirement. At the same time, 60% of Russians have not heard of the long-term savings program (LTS). This voluntary program has been in effect since January 1 of this year and allows Russian citizens to accumulate savings by transferring contributions to non-state pension funds. NPFs, in turn, invest this money and make payments to depositors when the specified reasons occur.

Only 15% of Russians surveyed noted that they already know about the PDS, 26% have heard something, 36% do not know, but would like to know more, and 24% do not know and are not interested in this topic. Interestingly, young Russians aged 18-24 are more likely than other age groups to be aware of the program (18%). More often than other age groups, 31% of respondents over the age of 65 and the same number — from 55 to 64 years old, as well as 29% of Russians from 45 to 54 years old, heard something about the program.

30% of Russians surveyed noted that they would like to join the PDS program, among them there are more men (31% versus 29% of women) and respondents aged 18-24 years (37%), 25-34 years old (37%) and 35- 44 years old (33%).

Among those respondents who have not yet retired, 25% agree that they will be able to save for a pension that would provide them with their usual level of consumption. However, on average, Russians rate their agreement with the statement as 5 out of 10, and young people turned out to be more optimistic — this assessment is higher for young respondents aged 18-24 than for others (about 6 points out of 10).

A significant portion (41%) of Russians who have not yet retired believe that it is necessary to create a financial cushion more than 15 years before retirement. Saving for a financial cushion 10 years before retirement is considered optimal by 15% of survey participants, and 15 years before retirement by 14% of respondents.

At the same time, according to the survey results, Russians generally prefer low-risk instruments for generating passive income. Thus, 48% of respondents believe that a bank deposit is the most preferable way to receive passive income. This opinion is more often shared by older respondents — 65+ years (63%), 55-64 years (57%), 45-54 years (51%).

31% of respondents would prefer to rent out real estate, cars and equipment. This method was noted by 37% of respondents aged 25-34 years and 35% — aged 35 to 44 years.

Opening your own business or acquiring a share in a business is considered by 23% of Russians as a way to earn passive income. Most often these are young people 18-24 years old (35%) and 25-34 years old (28%).

The purchase of securities and cryptocurrency is preferred by 20% and 9% of respondents, respectively. Of those who named these methods, there were 23% of young Russians from 18 to 24 years old who are going to buy securities, and 16% of Russians of the same age who prefer to buy cryptocurrency.

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