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Monday 11.12.2017 | Name days: Valdis, Voldemārs, Valdemārs
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Survey: Latvian residents want to travel after retiring

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Most Latvian residents want to spend their retirement savings on travel (71% of respondents) after they retire. 41% of respondents want to spend their money on healthcare, children and grandchildren, as Swedbank’s recent survey states.

One third of respondents (30%) mention hobbies and visiting culture and leisure events (27%). One-fifth (21%) of respondents want to spend their retirement savings on home repairs. 4% of respondents would like to use their money on education.

Women want to travel after retiring more often than men do, as well as use money on healthcare and attend different leisure and culture events. Men, as opposed to women, would rather invest money to hobbies and sports.

“Latvians want to spend their retirement by travelling or enjoying life in a steady manner. Statistics show that the number of pensioners in Latvia has increased by more than 100 thousands in the last 20 years, while the number of working people per pensioner continues to decrease,” – notes Swedbank Investment Product Department Manager Reinis Jansons.

He notes that this significantly affects the country’s ability to secure full pensions, but people are not aware of this risk and put off making savings indefinitely.

Ref: 104.109.109.4482


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