Bloomberg Report: Around 14% of Singaporean Young Adults Don’t Expect to Be Able to Ever Retire – Are you One of Them?

While at the gym yesterday, I was browsing the news (when my gym trainer was taking a break), and I came across this interesting report by Bloomberg.

“A study, released on Tuesday by workforce solutions company Manpower Group and conducted by surveyor Reputation Leaders, found that 12 percent of millennials around the world expect never to retire. In Japan, a whopping 37 percent said they think they’ll work until they reach the grave, compared to 18 percent in China, 12 percent in the United States and the United Kingdom, and just 3 percent in Spain. The study polled 19,000 working millennials across 25 countries.”

bloomberg survey millenials retire

According to this survey, Singapore ranks 4th in world! 🙁 Definitely not a good sign.

My guess is that this is due to a combination of inflation, spending habits, and cost of living.

Another reason why saving, investing, and financial literacy is so important in this time and age.

Source: http://www.bloomberg.com/news/articles/2016-05-25/these-are-the-countries-where-millennials-will-work-themselves-to-death

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About the author

Spencer Li is a self-made millionaire trader & investor, who achieved financial freedom at 27, having to date accumulated a diversified portfolio of properties, stocks, REITs, and 10+ businesses across different industries. As a professional trader, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

 

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