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As retirement concerns loom over South Africa, the recent 10X Investments Retirement Reality Report 2023 paints a grim picture, indicating that only 6% of South Africans are on track to retire comfortably. With inflationary pressures and economic uncertainties casting shadows over financial futures, many wonder if a secure retirement is possible.Razak explains the multifaceted challenges plaguing retirement savings, pointing to global market conditions and shifting societal norms.
“People are also getting married a lot later than they used to. Being married gives you two incomes and a more significant percentage of income that can be invested in savings or even buying a home. By getting married later, there are fewer years of that combined advantage.
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