Read? Even millionaires have cost worries if they live to a 100
CW8888 : Cham liao for those planning F.I.R.E at 30s or 40s!
CLOSE to half of Singapore's millionaires expect to live to 100, and this is driving significant changes to their spending, investing and legacy behaviour, a study by UBS has found.
UBS Investor Watch Research has found that 46 per cent of those polled in Singapore expect to live to 100, compared to 53 per cent globally.
The expectation of a long life is creating anxiety, however, as 42 per cent worry that their wealth will not support them till age 100. Of these, 66 per cent worry about the rising costs of healthcare, and 63 per cent worry about whether they can afford their current lifestyle in retirement.
In Asia, 45 per cent worry about their wealth lasting till 100, compared to 21 per cent in Europe ......