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Saving for retirement in S'pore now takes 9 years more than before

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Published Wed, Jul 13, 2016 · 09:50 PM

    Singapore

    IT now takes the average Singaporean nine more years to build up his or her retirement nest egg than it did in the past.

    A report by HSBC titled "Future of Retirement: Generations and Journeys" has found that the average Singaporean starts saving for retirement at age 32 and continues for the next 29 years; their predecessors started doing so only at age 39, and saved for an average of 20 years.

    HSBC

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