Survey Highlights US$300,000 Pension Savings Shortfall in Hong Kong

Tuesday, 4 June 2024, 23:00

A recent survey conducted by fund house Schroders has uncovered a significant gap of US$300,000 in pension savings for the average Hongkonger. The study indicates that retirees may face challenges meeting post-retirement expenses due to inadequate funds in their pension accounts. With an increasing number of individuals expecting to work beyond the retirement age, addressing this savings shortfall is crucial for financial security in Hong Kong.

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Survey Reveals Retirement Savings Gap

The average Hongkonger is confronting a staggering HK$2.4 million (US$300,000) shortfall in their pension savings, according to a recent survey by Schroders. The study highlights the pressing issue of inadequate retirement funds amid increasing post-retirement expenses.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Survey Reveals Retirement Savings Gap

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