The share rises to 46% in French-speaking Switzerland, while dropping to 21% in German-speaking Switzerland, according to a survey commissioned by insurer Axa, which did not take into account Ticino.
The demographic survey – 1,009 people were questioned – shows that the age group most concerned is the over-60s, where the share of those who think they will have to cut back on their budget stands at 37%. Also important is the gap between women (36%) and men (22%).
Two-thirds of people aged 50-65 (64%) have already taken care of retirement funding, with the frequency increasing with age. But one in five (19%) workers nearing retirement (i.e., over 60) have not yet thought about how they will finance the new phase they are about to experience: the main reason cited for not addressing the issue is lack of money.
When it comes to deciding whether to receive second-pillar retirement assets in the form of a lump sum or an annuity, only 65% of respondents aged 50-65 know the different tax implications. Overall, less than half (36%) of people are able to estimate whether and how much they will inherit: of these, only slightly more than a quarter consider inheritance an essential part of retirement planning.
Only slightly less than a quarter (23%) of the sample is of the opinion that one can finance retirement exclusively from the first and second pillars. The remainder of the Swiss (77%) are aware that a private pension alternative should be used.
Three-quarters of respondents between the ages of 18 and 65 (75%) have opted for a solution in the third pillar: in this area, securities formulas have become increasingly popular in recent years.
“We note with pleasure that large segments of the population have realised that retirement planning is also a private matter,” says Herbert Goll, an AXA executive, quoted in a statement.
Translated from Italian by DeepL/ts
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Swiss oddities
Mennonite movement turns 500 in Zurich, where it all began
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
This content was published on
The Fête de l'Epouvantail (scarecrow festival) is celebrating its 30th anniversary and returns to Denens in canton Vaud for its seventh edition from July 10-20.
This content was published on
A 35-year-old man has died in a work accident at the valley station of the Heimwehfluh toboggan run in Matten near Interlaken, canton Bern.
This content was published on
The Swiss embassy in Tehran re-opened on Sunday after being closed on June 20 owing to the unstable situation in the country.
This content was published on
Queen Maxima of the Netherlands and her youngest daughter Princess Ariane attended the Netherlands' women's European Championship football match against Wales in Switzerland on Saturday.
Swiss want to better protect military airfields from spying
This content was published on
Swiss Defence Minister Martin Pfister says he wants to better protect Swiss military airfields against espionage activities.
Man charged with flying drone at women’s Euro 2025
This content was published on
A man flew a drone around the venue on Wednesday evening during the first match of the Women's EURO 2025 in St. Gallen. The 30-year-old violated the absolute ban on flying during match days. He was reported to the police.
More than 250 Swiss companies sign CO2 reduction initiative
This content was published on
A total of 257 companies from Switzerland have signed up to the Science Based Targets Initiative (SBTi). In doing so, they are committing to CO2 reduction targets that are compatible with the Paris Climate Agreement.
Swiss accident prevention group sees federal targets at risk
This content was published on
The Swiss government's target for accident figures is at risk, reckons Mario Cavegn, member of the executive board of the Swiss Council for Accident Prevention.
Feminicide: Swiss justice minister calls for electronic monitoring
This content was published on
Swiss Justice Minister Beat Jans has called for electronic monitoring and an ankle bracelet warning system for perpetrators of violence against women.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.