Invest
OCBC Mobile Banking App – Best way to access SGFinDex and retirement planning?
By Financial Horse  •  February 9, 2021
The latest results for the OCBC Financial Wellness Index are out! The OCBC Financial Wellness Index comes from an annual survey of 2000 working adults (between 21 and 65), with 10 questions to judge participants’ financial health. The biggest takeaway from the results? Singaporeans are not prepared for retirement. And the biggest culprit? Millennials. As a millennial myself – this really got me thinking. What are we (as an age group) doing wrong here? The methodology that OCBC used is really interesting. There are 3 retirement lifestyles set out below: Lifestyle A – FrugalEats primarily at home, hawker centers/food courts, takes public transport, resides in HDB with no helper, government medical care, and holidays to nearby countries 2x a yearLifestyle B – Medium ExpenditureEats at a mix of food court and restaurants, commutes via taxi/car, resides in HDB with part time helper,...
Read the full article
By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance