Should pension funds be used to bail out the government?
Financial advisers in SA don’t represent the diversity of the country’s population
23 November 2020 - 10:33
A small base of three-million taxpayers pays 95% of the personal taxes paid in SA. High unemployment and a slow growth economy means that alarmingly few people can afford to retire when the time comes.
Many cash-strapped households have prioritised disposable income over savings and retirement. The state funds about 18-million social security grants and limited employment opportunities mean that this figure is likely to grow. This will have implications for the state as it creates a perpetual, generational dependency on the state. ..
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