Why The Current Generation Of Singaporeans Must Save Longer For Retirement

It is no secret that Singaporean and expat workers have to face a higher cost of living compared to other cities in the world. In order to cultivate a sufficient retirement fund, these employees have to save nine years longer than the preceding generations. This information is according to the recent HSBC report that included 1,008 Singaporeans who are either working or retired. Findings in “HSBC’s Future Of Retirement: Generations And Journeys” report showed that the average Singaporean begins saving