What reserves do you have for your pension? What if an emergency arises and a large amount of money is urgently needed? Even though making plans is not “in”, the signs are good, Manfred Bartalszky, the CEO of Wiener Städtische, emphasized during a meeting in Linz.
No desire to have a full-time job, but to enjoy life more: this trend, which has become established among young people, makes the subject of precaution even more important.
“A look at the pension account shows that it will be difficult to maintain living standards later,” says Manfred Bartalszky, CEO of Wiener Städtische.
But how far ahead do the Upper Austrians think? “Many people wonder whether it still makes sense to make plans in such turbulent times,” says IMAS pollster Paul Eiselsberg. Yet a study by the Linz Institute shows that people want to protect themselves against fate and also want to reduce their personal risk.
“People have been shaped by the many crises of recent years – first Corona, then the war in Ukraine, plus inflation,” says Bartalszky, who emphasizes: “Thanks to high wage agreements and further falling inflation, the money to make provisions is now there available.”
The director of Sparkasse Upper Austria, Manuel Molnar, sees gender-specific differences: “Women invest very traditionally in savings accounts and build up savings. Among men there is a demand for alternative forms: stock funds and bonds.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
