Analysis
If no restructuring is carried out in the social security system, the average pension should go from 69.4% of the last maturity to 38.5% em 2050. DECO warns that it is “urgent” to save for the renovation, an alert analyzed by Expresso journalist Isabel Vicente.
Isabel Vicente, journalist at Expresso, analyzes DECO’s warning that it is . SIC Notícias reinforces that young people must now think about the future, since receiving less than 40% of their last salary in retirement “will lower their quality of life”.
The journalist explains that demographic factors, such as the aging of the population, and the country’s economic situation are worrying for the reform of the current young generations.
If no restructuring is carried out in the social security system, the average pension should go from 69.4% of the last maturity to 38.5% em 2050.
“Taking less than 40% of your last salary into retirement will lower the quality of life in the phase of relaxing and finally enjoying it. People will be inhibited if they don’t have private savings”, says Isabel Vicente.
But what can be done?
Isabel Vicente warns that we need to “save more”even if it is difficult. Anyone entering the job market must “be aware and educated” to start saving immediately.
On the other hand, financial literacy is needed, that is, for banks, insurance companies, schools and parents to raise awareness that “It’s good to consume but it’s also good to save because he will be missed” and that there is “other ways to save without losing all their savings.”
“It’s very important to save, even if it’s the bare minimum.”
The Expresso journalist also indicates that there must be “some incentive” from the Executive.
