Russians named ways to save for retirement

Only a third of young people save for retirement by alternative means. Older people begin to think in advance about what they will live on in retirement. This was reported to Izvestia on March 18 by analysts from Insmart, who interviewed more than 1,760 people of different age groups from different localities about their attitude to retirement and ways to save for it.

According to the study, among people aged 20-35, 32% of respondents are thinking about retirement and are looking for ways to save money effectively. 26% plan to rely on a state pension and investments in a non-state pension fund (NPF), while 42% are not considering retirement yet.

In the 35-55 year old group, the situation is completely different.: 63% of respondents rely on state pension and savings in NPFs, and only 37% of respondents are already using alternative instruments and saving up for retirement. Some of them, up to 28%, are thinking about buying life insurance policies, 54% are saving up with bank deposits, 13% are forming capital on the stock exchange, and 5% are investing in cryptocurrencies.

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Residents of small towns with a population of up to 500,000 people, regardless of age, most often rely on a state pension.: These turned out to be about 57%, with bank deposits (23%) and real estate investments in second place among residents of such cities, as the simplest, most understandable, time-tested and "reliable" ways of saving. Only 12% of respondents are thinking about long-term life insurance savings programs or have them, and another 8% are hoping for income from exchange-traded instruments and cryptocurrencies.

The situation is different in the cities with a population of one million (residents of Moscow, St. Petersburg and the regions of Yekaterinburg, Novosibirsk, Krasnodar, Volgograd and Voronezh took part in the survey). Residents here are more aware of a wide range of savings opportunities and believe in such tools as accumulative life insurance and investments on the stock exchange and crypt (28%, 18% and 8%, respectively), in bank deposits — another 17% of local residents surveyed, and 29% rely solely on state pension.

"We conducted a survey among the population to understand the real attitude of citizens towards different ways of forming capital for retirement. The results generally confirmed the official statistics. The survey showed that a small part of Russians are interested in insurance products aimed at long-term savings. This is due to the general economic situation in the country and the low awareness of customers," summed up Artur Kolomiets, CEO and co—founder of the Insmart family financial advisory platform.

Earlier, on January 18, Evgeny Statov, a partner at Capital Lab, told Izvestia about current investment instruments. According to him, in conditions of high interest rates, deposits remain one of the most attractive tools for saving capital. The level of deposit rates in the largest banks reaches 23%, which allows you to earn a stable income with minimal risks.