DURBAN – Only 22 percent of respondents in 10X Investment’s first annual Retirement Reality Report (RRR) began planning for retirement at the beginning of their careers.
According to the survey, over 50 percent of respondents said they would do it differently if given the chance to start over
10x commissioned Brand Atlas to expand its annual survey of the South African population to gather the data to create the report.
Brand Atlas samples the universe of 11.9 million economically active South Africans as determined by Statistics SA (people with a monthly income in excess of R7,600) through online completion surveys involving more than 1 million South Africans.
Only 7 percent of the people that were surveyed said they had a proper retirement plan and were executing it.