July 2017 - Old Mutual

Jul 1, 2017 - putting extra into ... OF INCOME SPEND – PUBLIC VS PRIVATE SECTOR (2017) ..... We like to live comfortably and additional income helps.
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July 2017

WHAT IS THE SAVINGS & INVESTMENT MONITOR?

Annual Survey Metro Working South Africans

July 2017

Saving & Investment Behaviours & Attitudes

METHODOLOGY MAIN SURVEY

Tracking study to look at trends Weighted to the SA working metro population (AMPS)

Face-to-face interviews (1 000 HH’s)

Conducted by independent research house, Peppercorn Research July 2017

Fieldwork dates: 25 April – 24 May 2017

DEFINITION OF SAVINGS & INVESTMENTS

Putting money away

Holding back on spending

Into savings accounts, policies & investments

And using that money to pay debt faster, like putting extra into your home loan

July 2017

HISTORY OF THE SAVINGS & INVESTMENT MONITOR

Nov

2009

July

2010

Nov

2010

July

2011

Stokvels

Nov

2011

July

2012

Nov

2012

Women

July

2013

Youth

Public Sector

July 2017

July

2014

July

2015

2017

2016

Debt & Z-Generation

Baby Boomers & High Income Market

July

July

Entrepreneurs (Self Employed & “Slashers”)

Household, Behavioural Shifts

IMPRESSIONS ABOUT OUR COUNTRY…………………

“Thinking about our country at the moment, what 3 words come to mind?” July 2017

CONFIDENCE IN THE SOUTH AFRICAN ECONOMY Decline in 2016 has been maintained

58% 55% 55% 52% 55% 31% 34% 2011

2012

2013

2014

2015

2016

2017: Gauteng 43%, KZN 31%, W.Cape 17% July 2017

2017

SLIGHT RECOVERY IN MINDSET ABOUT FINANCES, BUT STILL AT LOW LEVELS

7.1

7.2

6.9

Confidence in making financial decisions (out of 10)

6.9 6.5

6.5

6.3

6.5 6.3

6.2

6.0 5.7 2011

6.0 5.7

2012

2013

2014

2015 July 2017

2016

2017

Satisfaction with current financial situation (out of 10)

% OF INCOME SPEND 18%

21%

20%

14%

8%

7%

7%

17%

16%

15%

15%

6%

15%

15%

15%

5%

6%

7%

16%

16%

12%

57% 55% 58% 65% 68% 63% 62% 2011

2012

2013

2014

2015

2016

July 2017

2017

Savings Insurance & Medical Aid Debt Consumption / Living Expenses

% OF INCOME SPEND – PUBLIC VS PRIVATE SECTOR (2017) 17% 8%

19%

57% Public

Savings

15%

Insurance & Medical Aid

6%

14%

Debt Consumption / Living Expenses

65%

Private July 2017

SAVINGS & INVESTMENT VEHICLES USED

SAVINGS & INVESTMENT VEHICLES USED Banked cash savings

80%

Funeral policies

70%

Life assurance / death & disability cover Pension / provident fund

60% 50%

Education policies

40%

RA

30%

Informal savings (Black)

20%

Have neither pension / provident nor RA

10%

2010 2011 2012 2013 2014 2015 2016 2017 July 2017

SAVING FOR CHILDREN’S EDUC