hong kong people fear to live less comfortable in retirement
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Hong Kong people fear to live less comfortable in retirement

Arab Today, arab today

Arab Today, arab today Hong Kong people fear to live less comfortable in retirement

MORI
Hong Kong - XINHUA

Nearly a quarter of people expect their standard of living after retirement will be lower than the standard they have now, with working age people feeling particularly gloomy in the developed economies of France (54 percent), the UK (40 percent) and Hong Kong (40 percent), a global study has found.
HSBC commissioned Ipsos MORI to poll 16,000 people from 15 countries and districts aged 25 or over, including 1,000 people in Hong Kong, from August to September last year.
According to the study, over a third of working age people are not confident that they will be able to support a comfortable lifestyle in retirement. "These concerns are similar the world over. Working age people in Asia and Brazil are the most worried about running out of money in retirement, with 81 percent in Malaysia, 81 percent in Singapore, 80 percent in Brazil and 77 percent in Hong Kong concerned about this."
Similarly, pre-retirees in Malaysia (88 percent), Hong Kong (83 percent), Brazil (81 percent) and Singapore (78 percent) are the most worried about having enough money to live on day-to-day in retirement.
The study said working age people around the world are resigned to making sacrifices when they retire, with almost half (49 percent) foreseeing having to cut down on their everyday spending.
Pre-retirees in Singapore (58 percent), Hong Kong (57 percent) and Australia (56 percent) are the most likely to say they will have to cut down on their everyday spending when they retire.
More than a third (36 percent) say they will eat out less often. This rises to almost half of pre-retirees in Singapore (48 percent) and Hong Kong (47 percent).
The research found that Hongkongers on average save 31 percent of their annual income for retirement, the largest share of their income among people in 15 countries and districts.
Hong Kong's IT engineer Mr Hung told Xinhua that he earns about 30,000 HK dollars per month, and saves about 10,000 HK dollars after paying the house loan and other expenses every month.
However, Hung said he is less confident that he will have enough money to live a comfortable retirement life as far as healthcare and other unexpected expenses are concerned.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hong kong people fear to live less comfortable in retirement hong kong people fear to live less comfortable in retirement

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hong kong people fear to live less comfortable in retirement hong kong people fear to live less comfortable in retirement

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday