Inflation is racing, prices are rising, and the pandemic reality means that many Poles have nothing to save for their own retirement. However, it is worth recalling that in 30 years, seniors will have to live on 1/3 of their current income – the replacement rate in 2050 will be at the level of 29.5%, and cash benefits from the state fund will not be sufficient for basic needs. Saving for the fall of life is no longer a whim of the wealthy, but a first-necessity decision.
Inflation is racing, prices are rising, and the pandemic reality means that many Poles have nothing to save for their own retirement. However, it is worth recalling that in 30 years, seniors will have to live on 1/3 of their current income – the replacement rate in 2050 will be at the level of 29.5%, and cash benefits from the state fund will not be sufficient for basic needs.
After retirement, it will be a good solution to look for additional sources of income in retirement (such as a reverse mortgage, as long as we “save” now by paying off capital installments of the mortgage) or use the money that we have previously set aside – and so now – e.g. in IKE or IKZE. The problem is that the number of “puters” is still residual and awareness is low.
In order to be able to pay yourself an additional PLN 3,000 a month until your retirement pension, you need to put aside approx. PLN 640,000. zloty
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At the end of 2020, the average pension was 42.4%. last salary, but this proportion will change over the years. In 2050, the replacement rate will be 29.5%. and in 2070 only 23.5 percent. This means that future retirees will have to live on a third or a quarter of their current income. Already today, seniors are one of the most indebted social groups, and their wallets are “thinning” more and more, inter alia, because of galloping inflation.
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