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#1
22-01-2015, 02:30 PM
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Hsbc survey: 33% of s'poreans unable to save money due to high cost of living
An honorable member of the Coffee Shop Has Just Posted the Following:
HSBC SURVEY: 33% OF S'POREANS UNABLE TO SAVE MONEY DUE TO HIGH COST OF LIVING Post date: 22 Jan 2015 - 10:47am  According to the HSBC’s The Future of Retirement Survey, 1 in 3 Singaporeans are finding it hard to save as their cost of living is higher than their incomes. There were 33% in Singapore who said they were unable to save while globally, only 28% of people said the same. It seems that the number of people who are struggling to save here will only increase in the future as 58% of respondents also said that their incomes were not growing as fast as the cost of living was increasing. Globally, only 45% of people indicated that they faced a similar problem. The survey also found that 15% of working adults thought they would never be able to fully retire. 78% of adults are worried about having enough money for daily expenses and most (58%) believe they will have to cut back on spending after they retire such as eating out less. Related: HSBC SURVEY: 1 IN 3 SINGAPOREANS EXPECT WORSENING QUALITY OF LIFE AFTER RETIREMENT Click here to view the whole thread at www.sammyboy.com. 
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