{"id":806694,"date":"2026-07-16T23:46:23","date_gmt":"2026-07-16T23:46:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/806694\/"},"modified":"2026-07-16T23:46:23","modified_gmt":"2026-07-16T23:46:23","slug":"more-south-africans-are-planning-for-retirement-but-affordability-remains-a-hurdle","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/806694\/","title":{"rendered":"More South Africans are planning for retirement but affordability remains a hurdle"},"content":{"rendered":"<p>JOHANNESBURG &#8211;\u00a0More South Africans are planning for retirement, with many worrying they won&#8217;t have enough to retire comfortably.<\/p>\n<p>A new FNB Retirement Insights Survey shows 73% of South Africans under 60 now have a retirement plan, up from 60% last year.<\/p>\n<p>Among lower-income earners, retirement plan ownership jumped from 19% to 48%.<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0READ:\u00a0<a href=\"https:\/\/www.enca.com\/news-top-stories-videos\/municipalities-among-worst-offenders-pension-contribution-crisis\" rel=\"nofollow noopener\" target=\"_blank\">Municipalities among worst offenders in pension contribution crisis<\/a><\/p>\n<p>People are also saving more, with the share of disposable income set aside for retirement rising from 7% in 2024 to 10% this year.<\/p>\n<p>Despite the progress, more than half of those without a retirement plan say they simply cannot afford to save.<\/p>\n<p>The survey also found that many retirees face higher-than-expected living and healthcare costs, highlighting the importance of planning beyond just building savings.<\/p>\n<p>FNB says South Africans need clearer guidance and easier access to retirement products to turn good intentions into long-term financial security.<\/p>\n","protected":false},"excerpt":{"rendered":"JOHANNESBURG &#8211;\u00a0More South Africans are planning for retirement, with many worrying they won&#8217;t have enough to retire comfortably.&hellip;\n","protected":false},"author":2,"featured_media":543171,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-806694","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/806694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=806694"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/806694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/543171"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=806694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=806694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=806694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}