Presentation is loading. Please wait.

Presentation is loading. Please wait.

Optimism About Retirement

Similar presentations


Presentation on theme: "Optimism About Retirement"— Presentation transcript:

1 Optimism About Retirement
Base: N=4,011 Q2. In general, thinking about your retirement, are you…

2 Optimism About Retirement
Very optimistic Somewhat optimistic Somewhat pessimistic Very pessimistic Dk/Ref US CAN UK AUS GER FRA ITA NLD SWE JPN Base: N=401 (weighted base all countries) Q2. In general, thinking about your retirement, are you…

3 How Much Have They Thought About Retirement?
Base: N=4,011 Q1. [EMPLOYED / NOT WORKING] Overall, how much have you thought about your retirement? Have you given it… [RETIRED] Overall, how much did you think about retirement before you actually retired? Did you give it…

4 Expected Source of Income in Retirement
Sources of Income Public pension* Employer-provided/occupational pension Earnings from employment Workplace retirement savings program Other personal savings/investments One time payment from your employer Sale or refinancing of your home An inheritance Support from children/family Major source Minor source Not a source Dk/Ref Base: N=4,011 *Excludes Japan Q6 [EMPLOYED / NOT WORKING] For each, please tell me if you expect it to be a major, minor, or not a source of income for you when you retire. Will this be a… [RETIRED] For each source, please tell me if it is a major, minor, or not a source of income for you. Is this a…

5 Confidence in Having Enough Money to Live for 25+ Years After Retirement
Very confident Somewhat confident Not too confident Not at all confident Dk/Ref Base: n=4,011 Q8a. [EMPLOYED / NOT WORKING] Considering the potential sources of retirement income you may have, how confident are you that you will have enough money to live comfortably in retirement for 25 years or more? [RETIRED] How confident are you that you have enough money to live comfortably in retirement for 25 years or more?

6 General State of Health
Excellent Very good Good Fair Poor Base: n=4,011 Q14. In general, would you say your health is….

7 Expectations for Work in Retirement
Base: N=4,011 Q17. [EMPLOYED /NOT WORKING] Which ONE of the following do you see yourself doing in your life after retirement? [RETIRED] Before you actually retired, which ONE of the following did you see yourself doing in your life after retirement?

8 Who Is Responsible for Supporting Those Who Are Retired?
Base: N=4,011 Q22. Who do you think should be responsible for supporting those who are retired? For each of the following, please tell me if it should have primary responsibility, some responsibility, or no responsibility?

9 Trade-Offs Raising taxes among higher paid workers
Completely acceptable Somewhat unacceptable Somewhat acceptable Completely unacceptable Dk/Ref Raising taxes among higher paid workers Raising taxes for all those in the workforce Raising the retirement age required to qualify for public pensions Increasing retirement benefits at a lower rate than in the past Increasing the size of the labor force by allowing more immigrants into the country to work Shifting to private savings accounts Base: N=4,011 Q23.In the future, as the number of elderly people increases, the government may need to make difficult choices in order to maintain public pension funds. For each of the following choices, please tell me if it is acceptable or not acceptable to you.

10 Expected Source of Income in Retirement
By Region Major Sources of Income US CAN UK AUS GER FRA ITA NLD SWE JPN Employer-provided/occupational pension 36% 43% 31% 9% 19% 62% 13% 30% 25% Workplace retirement savings program 48% 17% 15% 5% 28% One time payment from your employer 27% 11% 6% 20% 10% 3% 22% Other personal savings/investments 35% 45% 34% 7% Sale or refinancing of your home 18% 16% 8% 2% Earnings from employment 32% 33% Support from children/family 4% 1% An inheritance 12% Public pension (Japan includes basic state pension and employee pension insurance) 38% 61% 57% 63%* *Basic state pension in Japan =18% and Employee pension insurance in Japan = 45% Base: n= 401 (weighted base for all countries) Q6 [EMPLOYED / NOT WORKING] For each, please tell me if you expect it to be a major, minor, or not a source of income for you when you retire. Will this be a… [RETIRED] For each source, please tell me if it is a major, minor, or not a source of income for you. Is this a…

11 Expected Source of Income in Retirement
By Region Major Sources of Income US CAN UK AUS GER FRA ITA NLD SWE JPN Employer-provided/occupational pension 2 3 6 1 4 Workplace retirement savings program 7 5 One time payment from your employer Other personal savings/investments Sale or refinancing of your home 8 Earnings from employment Support from children/family 9 An inheritance Public pension (Japan includes basic state pension and employee pension insurance) Base: n= 401 (weighted base for all countries) Q6 [EMPLOYED / NOT WORKING] For each, please tell me if you expect it to be a major, minor, or not a source of income for you when you retire. Will this be a… [RETIRED] For each source, please tell me if it is a major, minor, or not a source of income for you. Is this a…

12 Level of Comfort Offered by Public Pension
By Region Very comfortably Comfortably Not very comfortably Not at all comfortably DK/Ref US CAN UK AUS GER FRA ITA NLD SWE JPN Base: n=401 (weighted base per country) Q21. Do you believe that in [COUNTRY], the average retiree’s pension and benefits paid by the government, excluding personal sources of retirement income like savings or wages, are sufficient for the average retiree to live…?

13 Confidence in Factors Related to Health
By Region Top 2 Box Confidence (Very/Somewhat Confident) US CAN UK AUS GER FRA ITA NLD SWE JPN Having access to quality health care in your retirement years 70% 72% 67% 75% 47% 66% 39% 56% Being able to pay for medical expenses such as doctor visits in your retirement years 78% 61% 79% 44% 77% 93% Being able to pay for prescription drugs in your retirement years 64% 76% 45% 46% Being able to pay for long term care, such as nursing home or home health care, should you need it during your retirement 54% 58% 35% 53% 62% Having good health throughout your retirement 82% 81% 71% 49% 69% 50% Weighted base: n=401 (all countries) Q15. How confident are you about the following factors related to health?

14 Expected Source of Income in Retirement
By Region Major Sources of Income US CAN UK AUS GER FRA ITA NLD SWE JPN Employer-provided/occupational pension 36% 43% 31% 9% 19% 62% 13% 30% 25% Workplace retirement savings program 48% 17% 15% 5% 28% One time payment from your employer 27% 11% 6% 20% 10% 3% 22% Other personal savings/investments 35% 45% 34% 7% Sale or refinancing of your home 18% 16% 8% 2% Earnings from employment 32% 33% Support from children/family 4% 1% An inheritance 12% Public pension (Japan includes basic state pension and employee pension insurance) 38% 61% 57% 63%* *Basic state pension in Japan =18% and Employee pension insurance in Japan = 45% Base: n= 401 (weighted base for all countries) Q6 [EMPLOYED / NOT WORKING] For each, please tell me if you expect it to be a major, minor, or not a source of income for you when you retire. Will this be a… [RETIRED] For each source, please tell me if it is a major, minor, or not a source of income for you. Is this a…

15 Expected Source of Income in Retirement
By Region Major Sources of Income US CAN UK AUS GER FRA ITA NLD SWE JPN Employer-provided/occupational pension 2 3 6 1 4 Workplace retirement savings program 7 5 One time payment from your employer Other personal savings/investments Sale or refinancing of your home 8 Earnings from employment Support from children/family 9 An inheritance Public pension (Japan includes basic state pension and employee pension insurance) Base: n= 401 (weighted base for all countries) Q6 [EMPLOYED / NOT WORKING] For each, please tell me if you expect it to be a major, minor, or not a source of income for you when you retire. Will this be a… [RETIRED] For each source, please tell me if it is a major, minor, or not a source of income for you. Is this a…

16 General State of Health
By Region Excellent Very good Good Fair Poor US CAN UK AUS GER FRA ITA NLD SWE JPN Weighted base: n=401 (all countries) Q14. In general, would you say your health is….

17 Govt. Ability to Provide for Govt. Ability to Provide for
Confidence in Government’s Ability to Provide Health Care Benefits to Current and Future Retirees Total Mean 3.8 Mean 4.5 2% 1% 4% 7% 9% 19% 13% 10% 5% 15% 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 3% 1% 6% 12% 11% 22% 9% 10% 7% 13% total trust in government 7% 10% 48% Government’s ability to provide health care benefits 54% 43% 33% absolutely no trust Govt. Ability to Provide for Current Retirees Govt. Ability to Provide for Future Retirees Base: n=4,011 Q16B. How much trust do you have in your government’s ability to provide health care benefits to CURRENT retirees? Q16C. How much trust do you have in your government's ability to provide health care benefits to FUTURE retirees? Please use a scale of 0 to 10 where 0 means you have absolutely no trust and 10 means you have total trust in your government.

18 ACTION PLAN Increase employment opportunities to benefit older workers and economies Better educate the public on what is needed to prepare for secure retirement Engage citizens in public debate to find agreeable solutions for solvent retirement systems Governments need to build confidence they will meet current and future commitments


Download ppt "Optimism About Retirement"

Similar presentations


Ads by Google