Over half – or 60% – of Singaporeans feel that they don’t have enough savings for their retirement in 2020, compared to the 57% who felt they were not quite ready for retirement in 2019, says Syfe.

The figures come as 73% of Singaporeans have either increased or maintained their level of savings in 2020 than they did in 2019, according to the Singapore-based digital wealth manager.

The findings are based off Syfe’s latest Retirement Readiness Index (SRRI) that the sentiment among Singaporeans, on their readiness to retire, has worsened during the Covid-19 pandemic.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook