In an interview survey with 750 Singaporeans, insurance conglomerate Prudential and research firm Global Aging Institute published their findings today (Sep 15) and found that only 31% disagree that the Singapore Government is doing enough for their retirement. 42% surveyed agree otherwise.
Here are the key findings from the report:
- 70% of retirees aged 60 and above live with their children and 29% are heavily dependent on them
- 76% of working adults aged 20 and above believe they will work beyond 60 years old
- Only 60% believe taxes should be increase to help elderly in financial need
- 54% want to raise the Retirement Age of 65
- 89% want the Government to make workers save more for retirement
You may download the report from Prudential and GAI here.