Experts say that Czechs underestimate their spending in old age. Most of them, according to a survey conducted by ING Bank, believe that they will be sufficient for their needs amounting between 15 thousand to 20 thousand crowns per month.
However, it should be remembered that the level of pensions for most of them will not reach this level. That is, at least for people aged 50 to 65, among whom the survey was conducted.
The average income is still lower, and although it is growing, so does the expenditure. Thus, it may happen that in 15 years pensions will on average reach 20,000 crowns, but the costs will also be diametrically different from the current ones.
Therefore, people should save themselves to earn a living. But how much should they save? According to experts, even a million crowns little. They should have at least 1.5 million crowns in order to reach the age they would like.
Other factors should also be considered. None of us knows how long he will receive his pension. It can be 20 years, but it can be 40. Moreover, the cost of health needs will increase dramatically as the age of health problems increases.
According to experts, people often do not think about it before everything is paid for by insurance companies. And even the amount, for example, for glasses, can easily climb to 10 000 crowns. not to mention other aids, which are often more expensive.