Some of us may envision retirement as a time to relax and live life at a leisurely pace. Others may prefer to have a more active lifestyle like being involved in charity work or start a business and be entrepreneurs for the first time.
As we live longer lives, the need to plan for retirement has become increasingly important. More and more people acknowledge that financial independence is crucial in their later years, especially as traditional views of relying on the family for financial support and care may be increasingly challenged in today’s modern world.
By 2030, one in five Singaporeans will be above 65 years old. Current average life expectancy is 79 years old compared to 67 years old more than 30 years ago.
Source: Singapore Department of Statistics
Find out what Singaporeans think in HSBC Future of Retirement global research on attitudes towards ageing and retirement.
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Some of us may envision retirement as a time to relax and live life at a leisurely pace. Others may prefer to have a more active lifestyle like being involved in charity work or start a business and be entrepreneurs for the first time.
