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Almost half in Singapore expect family to care for them in retirement: survey

Singapore

A SURVEY of just over 1,000 Singaporeans found that nearly half (46 per cent) expect their family to care for them in retirement.

Nearly half (48 per cent) believe they would not be able to save enough to sustain their lifestyle in retirement. And, over half (57 per cent) say retirement planning is a source of stress.

The survey by St James Place Wealth Management Asia (SJP Asia) highlights the challenges and inadequacy of retirement planning, even among younger people.

The survey interviewed...

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