Mutual savings, retirement and contingency, Carac recently unveiled the results of its new survey dedicated to retirement with OpinionWay. Retired French people reveal their perception, the way in which they prepared for their retirement and their recommendations for ‘passing this milestone’…
61 is still the right age to retire.. And if 58% of retired French people are dissatisfied with the amount of their legal pension, only 60% have put in place a complementary financing solution…
Yet they continue to help their children and grandchildren financially, even before preparing for their loss of autonomy (24%) which nevertheless worries half of them.
Another salient point of this survey, 30% of retirees believe they have done it too late to prepare. “If it had to be done again”, 30% would prepare 18 years in advance (rather than 11) while doing a savings report…
Retirement, a negative perception for 24% of respondents, synonymous with loss of purchasing power (55%) and isolation (12%).
A lack of resources made up for by only 60% of respondents with a complementary solution (savings, life insurance, PER, etc.)
54% of retirees have saved for their retirement, setting aside an average total amount of 60,377 euros. Among them, 35% made regular payments, half of them saving less than 181 euros per month…
If I had to do it again, what advice? Getting ready from 40with the PER (38%) or savings (36%) and by getting information (47% recommend it, from a bank, insurance, mutual).
The loss of autonomy concerns half of retirees, but only a quarter prepares for it…
Admittedly, 9 out of 10 retired French people have a positive view of retirement (89%) with time to do what you want (82%), rest (70%), time to help loved ones (50 %), serenity (45%) and a second life (45%). However, a quarter have a negative perception of it (24%), due to financial difficulties linked to the loss of purchasing power (55%) and the isolation (12%) that may result…
What are the main activities of French retirees? Sport and travel (41%), followed by childcare (38%), then cultural activities (31%) and volunteering (23%). Very often, they would like to do more, but 49% do not do so for lack of resources…
58% of retirees dissatisfied with the amount of their legal pension…
The amount of their retirement, with which respondents are dissatisfied, amounts on average to 61% of their previous income (against 71% for those satisfied). Whether it is the pursuit of a professional activity or the establishment of a supplementary pension, neither of these solutions has really been developed.
In fact, only 5% of French retirees surveyed say they have a non-voluntary professional activity in parallel with their retirement, and this for 10 hours a week on average.
Only 3% of them received financial assistance from their family. And only 60% have implemented additional solutions:
– 48% chose savings (savings book, CEL, PEE…), and 17% life insurance12% real estate (12%), 9% PER.
– The overall average amount set aside: €60,377
– Of the half of French people (54%) who had saved for retirement, 35% did so on a regular basis (half saving less than 181 euros per month); 29% did so between 11 and 20 years before retirement, 27% between 6 and 10 years, 25% 1 to 5 years and 6% less than a year before…
A matter of time…
Half of retirees begin to prepare 11 years before retirement, while 56% of retirees surveyed had not prepared in advance, 25% regret it. Conversely, 44% had informed themselves (19% among 40-50 year olds and 17% among 51-60 year olds). They began preparing at age 48.9 for retirement at age 59.6, or 10.8 years.
Their main sources of information (between 1 and 2 on average) are: the pension fund (42%), family or friends (26%) as well as the bank (22%), and colleagues (18%), insurance ( 15%) and mutual insurance (11%).
And only 10% had made a retirement savings report (39% not knowing of its existence, 30% considering not needing it having enough information, 11% not knowing who to contact).
If we had to redo it ? 3 tips for future retirees!
While 77% of retirees surveyed believe they have prepared enough, 23% believe they have not done enough…
Their advice to future retirees: Getting ready from the age of 40 on average (between 40 and 50 years old (54%), before 40 years old (36%), between 51 and 60 years old (10%); Get information (47%) from a bank, an insurance company or a mutual insurance company; put in place one or more financial solution(s) such as the PER (38%), passbook-type savings, CEL, PEE (36%) or investment in real estate (29%).
Retirees still active in family and financial support…
Despite the difficulties they may encounter, retirees continue to financially help their relatives, their children (67%) and grandchildren (42%) in the first place.
They support them with an average of 182 euros per month (211 euros for one or more children, 87 euros for one or more grandchildren), devoting a sum annual average of 1,718 euros. For 78% of them, the health crisis had no impact on their family financial assistance…
The main forms of this aid? Gifts (57%) and cash (32%), as well as clothing purchases (31%) and donations (26%).
The loss of autonomy, a quarter of retirees prepare it while it worries half of them
The loss of autonomy is the 4th subject of concern for retirees (51%), behind international conflicts (56%), the future of their children and grandchildren (54%), their health and that of their spouse (e) (52%).
However, only 24% have begun to prepare it financially… This preparation begins at the average age of 55.3 years. 30% of 70-75 year olds started, 27% of 65-69 year olds, and 18% of 55-64 year olds. How ? Mainly through savings (59%), dependency insurance (31%) or the purchase of real estate with a view to retirement (25%).
As for the assistance devices they are considering, the unanimous answer is for 62% of those questioned: a home help service while staying in their accommodation. Then for a little less than a third, work to adapt housing (27%). Only 10% mention moving to a nursing home and 7% to a retirement home.
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