The third annual edition of the HSBC Future of Retirement global survey covered 21,000 people aged between 40 and 79 years, in 21 mature and transitional countries and territories around the world*.
For the first time in the survey, participants were divided into four age groups, each spanning 10 years to study the effect of age on their attitudes towards ageing, later life and retirement. This also made it possible to compare the experiences of those approaching retirement – their expectations and fears – with the reality of those who have gone through retirement and are now retired.
The HSBC Future of Retirement survey contains local findings for Singapore that will reveal Singapore’s collective feelings on ageing issues and retirement. Get an overview of our attitudes compared to the attitudes of people from Asia, Europe and North America. You will also have a glimpse of the changing views on retirement amongst the working adults and retirees in Singapore.
A total of 1,004 adult Singaporeans – a representative sample – were interviewed for this study and these key insights were drawn from Singaporeans’ responses:
When commissioning this study, HSBC partnered with experts from the Oxford Institute of Ageing, and the market research company Harris Interactive.
* The countries survey was carried out in Brazil, Canada, China, Denmark, France, Germany, Hong Kong, India, Japan, Malaysia, Mexico, the Philippines, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Taiwan, Turkey, UK and USA. Mature economies are taken as those that industrialised early, have large service sectors, affluent populations, long-established pensions, infrastructure and legislation and provide a comprehensive welfare “safety net” for their citizens. A transitional economy is one that does not yet meet the definition of a mature economy. In this survey the transitional economies are Brazil and Mexico in Latin America; Russia and Turkey in Europe; China, Hong Kong, India, Malaysia, the Philippines, Singapore, South Korea and Taiwan in Asia; and South Africa and Saudi Arabia in Africa and the Middle East.
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