Almost half of Singaporeans believe they won't be able to retire comfortably
newscatcher
2022-09-07 08:30
Almost half of Singaporeans believe they won't be able to retire comfortably
, Singapore Photo by Lily Banse on Unsplash About 84% of them are worried about finances post-retirement. About 48% of Singaporeans have low confidence in retiring comfortably, a survey by Etiqa Insurance found. The low confidence stems from their worries about finances and health post-retirement, the study stated. Findings showed that 84% of Singaporeans want to be financially independent, whilst 73% want to be physically independent post-retirement.  Singaporeans also feel that their retirement won't be as comfortable as they expect it to be due to fears of failing health (42%) and running out of funds (23%).

https://sbr.com.sg/insurance/in-focus/almost-half-singaporeans-believe-they-wont-be-able-retire-comfortably

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