Middle Class Worries About Illness and Lack of Funds in Retirement

Economics & Macro

Nabilah Muhamad 19/02/2025 15:15 WIB

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Concerns of Middle-Class Respondents Regarding Retirement (January 2025)

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The Katadata Insight Center (KIC) surveyed the concerns of Indonesia's middle class as they approach retirement.

The results show that the majority worry about health conditions, income, medical costs, inflation, and savings.

"Concerns among the middle class regarding retirement are dominated by financial issues—in addition to concerns about declining health conditions with age," wrote KIC in its report.

"This indicates that financial preparation for retirement remains a significant challenge for Indonesia's middle class," it continued.

(Read: Tak Pensiun di Hari Tua, Makin Banyak Lansia RI Bekerja pada 2024)

In full, here is a list of concerns expressed by Indonesian middle-class respondents regarding retirement:

1. Declining health: 77.9%

2. Insufficient income: 54.4%

3. Increased medical and care costs: 51.5%

4. Reduced mobility: 49.2%

5. Inflation and rising living costs: 39.4%

6. Insufficient savings to meet living needs: 38.7%

7. Loss of social interaction and loneliness: 25.2%

8. Dependence on technology: 24.5%

9. Dependence on family and government: 24.5%

10. Digital divide: 23.3%

11. Lack of activities and entertainment: 22.6%

12. Changes in societal behavior: 18.5%

13. Changes in roles within the family and society: 17.6%

14. Monitoring of technology use: 15%

15. Loss of purpose and meaning in life: 15%

16. Loss of identity: 6.7%

KIC conducted this survey with 472 middle-class respondents aged 17–59 years, comprising 60% male and 40% female.

Respondents were spread across 10 major Indonesian cities: Bandung, Medan, Surabaya, Jayapura, Jakarta, Semarang, Banjarmasin, Yogyakarta, Denpasar, and Makassar.

Data collection was conducted online from January 6–9, 2025, using non-probability sampling, with a margin of error of 4.6%.

Note that the survey questions used multiple answer options, allowing respondents to select more than one answer.

The complete KIC survey report, titled *Indonesia's Middle Class Amidst Economic Uncertainty*, can be accessed via the this link.

(Read: Hanya 5% Lansia RI yang Ditopang Jaminan Pensiun pada 2024)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."