This October 31 is celebrated World Savings Day. A day which has taken place since 1924 and which aims, among other aspects, raise awareness among citizens and promote the importance of reserving part of our income For future projects or needsas well as for unforeseen expenses.
Be aware of the action of saving, as well as acquire financial knowledge basiclike reading a paycheck, for example, are two fundamental aspects of having a healthy relationship with our money and, in addition, possess the ability to make appropriate financial decisions and with a positive impact on our personal finances, in the short, medium and long term.
Especially if we take into account the current demographic and socio-economic scenario. THE the age pyramid is gradually invertingthat is, society is getting older and the birth rate is decreasing. A context that causes a decrease in the capacity and viability of our country’s retirement system, which highlights the importance of tracking down a savings plan this allows us to have a supplement to our public pension and have as comfortable and comfortable a retirement as possible, as much as possible private savings and investment products.
MAPFRE is committed to long-term savings, for which it offers the best advice to families. And even if it still seems to us that retirement is far away, it is important to take a savings plan for our retirementeach of us thinks about the personal needs we may have, because each person and each family situation is a world.
First of all, when we think about what to do with our savings, how to make them profitable and invest themit is important to have a professional financial advice to guide us. In this sense, MAPFRE has extensive experience in supporting families to achieve long-term savings, offer advice and products which adapt to your needs to ensure your future.
It offers a wide variety of offers savings and investment insurance and life insurance or temporary annuity; as well as private pension plans which adapt to all types of people and scenarios. In addition, MAPFRE is currently leading an active campaign to bonus of 4,500 euros to clients who bring their retirement plans and PPAs from other entities to their Future program before the end of the year. This program has nine wallets with pension plans that They adapt to each client according to their age and profile.
The trend towards single-person households
Another phenomenon to consider when launching savings, investment and living products is the booming trend of single-person householdswhich will continue to grow in the decades to come, according to forecasts from organizations like the INE. In 2039, 14.3% of people living in Spain will do it alonewhich means that the model of couple cohabitation and houses inhabited by two people will no longer be the most widespread type of housing, overtaken by individual houses.
A trend that undoubtedly requires personalized financial solutions or productsinnovative and ad hoc for this reality, since the needs of a family of six are not the same as those of a person who lives alone, neither in savings, nor in consumption, nor in life insurance.
MAPFRE, in this sense, has Single Life Confidenceannual renewable risk life insurance, which provides peace of mind and financial support in difficult times. It is designed for people who demand a better protection in the event of disabilityeither because they do not have family who can take care of them if this situation arises, or because they wish maintain your independence and autonomyeven in these cases.
Confidence Life Single has it additional servicessuch as home help in the event of post-hospital convalescence of the insured person or for care in the event of a hospital emergency, as well as use of digital security technologiessuch as remote assistance, network analysis and online shopping assistance, as well as access to SapMAPFRE’s digital health platform, which includes online consultations with specialist doctorssymptom assessor and in-person services.
Financial Responsibilities as Children
Regarding the savings trend among Spanish familiesone of the aspects also addressed on this World Savings Day, the figures speak of an improvement in terms of saving part of the income received, especially in recent months with the fall in inflation.
However, Spanish households are still below the European average in this regard. Data from the European Central Bank (ECB) indicates that, compared to the eurozone’s average household savings rate of 13.7%, Spain stands at 11.7%being even further away from the savings rate of Germany (with 20.3%) or Austria (15.2%), two countries that are historically more savers.
For this reason, MAPFRE influences, so that these figures improve, importance of starting to save as early as possible allocate part of the salary towards the future through different products, with a clear finalist orientation to supplement the level of expenses, once retired. “The big change in savings mentality will come from fully accepting that, if we want to maintain the quality of our future lives, we will have to start saving earlier, periodically and systematically.”Insurance experts insist.
As an entity specializing in retirement, MAPFRE is committed to offering the most comprehensive range of solutions to its clients, individuals, businesses and independents.
Saving for retirement is a very long-term investmenteconomic circumstances change throughout life, as does the saving capacity and risk that clients can assume. The main thing is to fully understand the situation and profile of each saver to guide them on the product or combination of products that best suits their needs.
