“If I start now by adding 50 euros to my pension savings, what will that yield in the long run?”
Financial stress: can you cope with it? Many young people can’t. Surveys reveal that more than 40% of all millennials are worried about their present and future financial situation. More than half of them have sleepless nights over financial issues. It's bad for their health and making them less productive. And yet, 80% of young workers don’t set aside money for future or unexpected expenses. Why does the government want to motivate you to put more money into your pension savings?
Whether you like it or not, you are already putting money into a pension fund. That fund will start paying you a pension when you reach the age of 67, 68, or perhaps over 70. The money isn’t in your bank account yet, although your salary slip says you are paying for your pension every month. If you work for NN Group on a full-time employment contract, about one full day's earnings go into your pension every week.
