A study conducted by ConsumerChoice reveals that only 20% of respondents of working age make financial preparations for retirement that go beyond mandatory contributions to Social Security. This means that the vast majority does not make complementary savings or investments to ensure a comfortable retirement.
The majority of Portuguese people show concern about aging. Among participants over 45, 94% stated they were worried about the topic. This anxiety is also reflected in the perception that respondents have about the sustainability of the public pension system.
According to the study, 80% of interviewees consider that the public pension will not be sufficient to ensure a good quality of life during retirement. This distrust in the public system contrasts with the lack of concrete action by the majority of the working-age population to address this potential gap.
The data suggest a disconnection between the awareness of Portuguese people about the future insufficiency of public pensions and their willingness to take preventive measures. While concern is almost universal, active financial preparation remains limited to a minority of the population.
