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"'Boys outline their potential strategies over approximately the next year and a half' "

Financial struggles and uncertainty loom large for Switzerland's youth, according to sociologist Sandro Cattacin.

Looking forward, the group of young men are considering preparing for up to one and a half years in...
Looking forward, the group of young men are considering preparing for up to one and a half years in advance.

"'Boys outline their potential strategies over approximately the next year and a half' "

In a recent study conducted by the consulting and auditing firm Deloitte, it has been found that the concern about financial security during retirement is particularly high among Generation Z in Switzerland.

The study surveyed over 23,000 people in 44 countries, with approximately 400 participants from Switzerland. The study focused solely on the concerns about impoverishing in old age among Generation Z in Switzerland, and did not delve into other areas.

The study found an increase in the fear of impoverishing in old age among Generation Z in Switzerland. In 2024, only 30% of this generation agreed with the statement, compared to 49% now. Approximately 40% of individuals aged 20 to 30 are concerned about impoverishing in old age.

The reasons for this increase in concern are not specified in the study. However, it is suggested that the worries are driven by concerns over financial security during retirement, limited knowledge about private pension options, and perceived challenges in the public pension system.

The study also highlighted that 83% of 18- to 30-year-olds express such concerns, with only about half feeling financially literate. Despite many already saving for retirement mainly through investments in ETFs, the societal challenge of financing the aging population's pensions, including debates about increasing taxes or working longer, contributes to uncertainty and apprehension among young people.

It is important to note that the study did not provide information on the financial status of individuals in retirement or the financial status of individuals aged 20 to 30. Additionally, the study did not discuss the relationship between book popularity and concerns about impoverishing in old age among Generation Z in Switzerland, nor did it offer any gardening tips or book recommendations.

The study did not specify the exact reasons for this increase in concern about impoverishing in old age among Generation Z in Switzerland. However, the findings underscore the need for education and awareness about financial planning for retirement, particularly among young people.

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