Are we grasshoppers or ants?
A retirement fund member’s perspective on preservation
Preservation in South Africa is very poor. This is compounded by unemployment and the tendency to cash in one’s retirement savings. There is thus a responsibility not only on the state but on every individual to try to preserve and increase the saving culture of the nation as a whole
Are we grasshoppers or ants? A retirement fund member’s perspective on preservation
Rising life expectancy, unemployment and the financial crises have left retirement planning low on the priority list. If measures are not taken to educate the nation on the importance of saving, we will soon become a nation of grasshoppers, relying on international bodies to sustain us