The latest 10X Retirement Reality report shows that 49% of the 15 million economically active South Africans in this income group have no retirement plan.exclusive journalism and features.
The latest 10X Retirement Reality report shows that 49% of the 15 million economically active South Africans in this income group have no retirement plan.exclusive journalism and features
Half of the population earn less than that, there is nothing to save after paying the bill
We aren't saving enough because for most of our lives we pay off debt, charged interest on that debt that takes a lifetime to settle. We mostly live from paycheck 2 paycheck. Modern day slaves aren't in chains. They are in debt!
Cos there's nothing to save!
Because there's nothing to save. Most employers are not paying as they should, so the imbalance between cost of living and what one earns is a barrier to saving for anything really.
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