Young workers in Singapore 'won't have enough for retirement'
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
YOUNG workers in Singapore are at risk of a shortfall in retirement income despite widespread and high levels of private savings, a study by a member of a multinational consortium has found.
In its report, The Global Savings Gap, the International Longevity Centre UK (ILC-UK) said the average earner in 24 out of 30 high-income economies will face a retirement-income shortfall.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore