Retirement planning in Russia: survey shows many aim for extra income and continued work

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A recent survey reveals that a significant portion of working Russians are planning for additional income in retirement. About 57 percent of employed Russians express a desire for extra funds to support their retirement years, according to results reported by DEA News based on findings from the All-Russian Center for Public Opinion (VTsIOM). While a sizable share, 37 percent, said they do not need extra financing, and 6 percent were unsure how to answer. Interestingly, men are more likely than women to seek an additional income source, with 62 percent of men indicating a need versus 52 percent of women.

Furthermore, half of the population expects to continue working after reaching retirement age, provided a suitable job is available. Forty-two percent hope to work in their professional field, while 28 percent anticipate that savings will be enough to support ongoing work. About a quarter—24 percent—want to maintain a normal standard of living with the help of homegrown food or farm-produced goods. These attitudes illustrate the diverse strategies Russians envision to secure financial stability in later years.

Additional sources of income beyond the pension are anticipated by one in five respondents (21 percent) who expect earnings from renting out real estate. Fourteen percent foresee support from their children, 11 percent from the earnings of a spouse, and another 11 percent from personal additional income. A small share, 5 percent, expects to inherit savings set aside in the private pension system, while 4 percent contemplate downsizing to a smaller apartment to reduce living costs. The findings come from the All-Russian telephone survey “VTsIOM-Sputnik,” conducted on June 19 with a sample of 1,600 adult Russian citizens.

These insights reflect a broader trend among workers who recognize retirement as a transitional period requiring proactive financial planning. Analysts note that many individuals aim to preserve their lifestyle by combining pension income with other revenue streams, whether through property, family support, or personal earnings. In this context, retirement planning often encompasses practical strategies such as real estate rentals, careful budgeting, and the pursuit of employment opportunities aligned with one’s professional experience. The perspectives shared here illustrate how ordinary Russians view the intersection of work, savings, and daily living costs as they approach retirement. Stakeholders in social policy and labor markets may find these patterns meaningful when considering pension reforms, aging workforce dynamics, and the availability of part-time or flexible roles that enable older workers to remain active in the economy. These conclusions are drawn from national polling conducted in mid-June and reflect citizens’ current expectations regarding post-work life and income diversification.

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