Young Asian adults likely to face cash crunch in retirement

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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  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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