n Personal Finance Newsletter - Baby Boomers' retirement concerns : retirement planning

Volume 2014, Issue 404
  • ISSN :



As South Africa's so-called Baby Boomers reach retirement age, around a third have no formal provision for their retirement, and face the prospect of hardship. This serves as a wake-up call for Generations X (born 1965-1979) and Y (born 1980 and after) that the sooner you get good financial advice and take control of your financial future, the better. That's one of the key findings of the ninth Old Mutual Savings and Investment Monitor survey released on 15 July 2014. The survey is regarded as a powerful indicator of the financial attitudes and behaviours of working metropolitan households in South Africa.

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