Wow, Singapore is ranked best in the world for retirement finances?!

I don’t know about you, but I didn’t believe it when I chance upon that piece of news.

How can that be the case when we all know that a large percentage of the elderly in Singapore are not financially prepared for retirement?

In fact, many low-income elderly require financial assistance from the government and welfare organisations to maintain their expenses.

So, who’s gonna believe that Singapore is ranked first when it comes to finances in retirement?

Before we start saying that this is fake news, let’s look at how this came about.

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