Market Review and Trends
Why a wealthy nation cannot afford to retire?
By A Singaporean Stockmarket Investor (ASSI)  •  February 20, 2013
CNBC just published an article titled "A Wealthy Nation That Can't Afford to Retire" a few hours ago. Instead of cutting and pasting the entire article which some have done, I would like to pick out a few paragraphs and make some comments.
"According to a latest study by HSBC, the citizens of this country, which has one of the highest per capita incomes in the world, face the grim prospect of running out of their savings almost halfway through retirement as the high cost of living and increased life expectancy eats into their nest egg." It was not stated how HSBC measured "nest egg". Was it just money in our CPF accounts? Now, I believe that anyone who is preparing to retire with just money from his CPF accounts need to be shaken by the shoulders (quite firmly). Of course, the money wouldn't be enough. "More than half of the 1,000 Singaporeans ......
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By A Singaporean Stockmarket Investor (ASSI)
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