Personal Finance
Young Asian adults likely to face cash crunch in retirement
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  April 10, 2017
Read? Young Asian adults likely to face cash crunch in retirement Lorna TanInvest Editor/Senior Correspondent Young adults - so-called millennials - in the region are at substantial risk of a cash crunch in their later years, with many expecting to carry mortgage debts into retirement or even run out of money altogether. CW8888: True man! Uncle8888's younger peers at 54. You see that number. It is not comforting number and plus those older peers above 65. Properties as retirement asset in Singapore still look rosy and taking a bet that Singapore will continue to grow with more human import? Stock and Property Investment? Stocks investment locally but still can have one leg to go regional or global; but local property investment can also do that? CPF to do 1-to-1 session with them. This alarming picture was painted by the findings of a new survey on Asian investors in all age brackets above 25, conducted in September and October last year as part of the ......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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One response to “Young Asian adults likely to face cash crunch in retirement”

  1. Fred says:

    Food for thought.

    Not just aging but also reducing population. At 2030, we hit 6.9m population. Thereafter it declines downwards. Property as investment is less alluring thereafter. Every millennial couple will inherit two HDB flats from their parents. Based on TFR of 1.1, each Sporean millennial on their their retirement at 55 to 70 will see them inheriting their two parental HDB homes in the future. Assuming they have their own HDB flats, they need to dispose their parents two HDB flats, hopefully to some foreigners then. Scary scenarios of excess Old flats.

    Like the article said, property investment in Singapore will decline unless investors move to emerging cities such as Manila, Ho Chi Minh, Phnom Penh, and Rangoon. Stop dreaming of buying landed home at Katong for $30k in 1970 and selling it at peak in 2013 for $20m. It won’t happen anymore. Before 1990, we were ’emerging’, now we are a matured market. Growth will be much lower.

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