Czechs are Worried About their Future

BusinessEconomy ♦ Published: February 2, 2013; 18:30 ♦ (Vindobona)

Above all, Czechs fear a declining living standard after their retirement. The real income is expected to shrink in the next years.

Czechs are Worried About their Future / Picture: © Vindobona.org

According to a survey carried out by CVVM, a significant majority of the Czechs fears to be pushed into age poverty. Although 56% of the respondents said that they have some private old-age insurance schemes, 81% of the respondents said that the pension paid by the state would be insufficient. Compared to 2010, this is an increase by 7 percentage points.

Another survey, which was…