A careless attitude can cause serious problems for future retirees.
Nearly 20 percent of adult Bulgarians do not wish to pay social security, and nearly 50% believe that pensions should be increased at the expense of the budget subsidy (that is, from tax revenues), and not from higher contributions or a better collectability. This was shown by a study by the National Center for Parliamentary Studies, presented to MPs this week, reported Diary.
A total of 7% – mostly young people, believe that they can better manage their personal finances than the official insurance system does. They think they can insure themselves, save and invest with a higher yield and thus guarantee themselves a decent old age.
For another 11%, insurance is an expense they would save if they had the chance. In this group are mainly people with low education and living in small towns and villages. They admit that if they could choose, they would not insure themselves on their real incomes.
In 2024, approximately one in three adult residents of the country indicated that in a certain period of time they had a higher income and were insured at the minimum insurance threshold.
One in ten said it had happened for less than a year. People in the 30-39 age group, living in the small towns of the country, representatives of the Roma ethnic group, are more often in this group. The share of people (11%) who have worked in the gray sector for a period between one and five years is approximately the same. The longer period of work in the gray sector is characteristic more often for those living in villages, representatives of ethnic minorities and people with secondary and lower education, commented the authors of the study.
Some of the people in these groups have already acquired the right to a pension, and what they have in common is that the majority claim that they have worked a lot, but their pension is low, sociologists comment.
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