Young workers in Singapore 'won't have enough for retirement'

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.