More and more people in Germany are saving for old age with the help of securities.
One in four (25 percent) now also invests money in stocks, funds, bonds and / or certificates, according to a survey by the opinion research institute YouGov on behalf of Dekabank.
Last year the share was still 21 percent, in 2019 it was 17 percent.
The Frankfurt-based Wertpapierhaus der Sparkassen explains the upward trend, among other things, with the sustained low interest rates: In view of the low savings interest rates, more and more investors are more open to securities.
A number of providers had recently reported growing demand for securities - including Dekabank, which sells its products through the savings banks.
According to the “Deka investor monitor”, the corona crisis has made many people even more aware that private provision for old age is necessary.
In both the 2020 survey and this year's survey, 40 percent of those surveyed said they expected the level of the statutory pension to fall.
41 percent now assume that the retirement age will be increased even further, compared to 28 percent in 2020.
According to the latest survey, a total of 44 percent of respondents feel unsure how to best invest their money in retirement due to the complexity of the subject. 41 percent say that this does not apply to them or not at all. More than every second respondent (57 percent) stated that they made private provision for old age in addition to the statutory pension.