Young people are stepping up their efforts to secure their finances and are increasingly investing in shares and real estate. This is the result of a Swiss Life pension report. The pension report shows that the average age of those investing in retirement provision and security has fallen by 1.5 years to 35.4 years over the past ten years. Demand for real estate and alternative investment funds has also risen over the same period.
In the 16 to 30 age group, for example, growth of 454% has been recorded in the area of investments since 2012. Equity, mixed and money market funds as well as ETF savings plans are particularly popular. "The younger generation is very willing to invest in shares, they have grown up with zero interest rates and are taking advantage of the opportunities offered by the capital markets. This is a good sign for the equity culture in Germany," says Jörg Arnold, CEO of Swiss Life Germany.
Last year, Swiss Life recorded a 54% increase in demand for real estate and alternative investment funds, particularly among women (+142%) and people with an income of less than EUR 2,000/month (+85%) who took advantage of this form of investment. In addition, 212 percent more home loan and savings contracts were concluded last year than in the previous year. The average home loan and savings sum amounts to 110,000 euros. The pension report is based, among other things, on data from an online survey of over 2,000 people over the age of 18.
Source and further information: swisslife.com
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