Plan on living a long time
Many studies reveal that individuals do not feel adequately prepared for retirement. There is a significant shortfall between the number of years people expect their savings to last and the number of years a person typically spends in retirement.
Thanks to advancements in medicine, people are living longer, healthier lives. Across Asia, the aging population is expected to increase significantly over time.
Left chart: We are living longer. The chart shows the probability of reaching ages 80 or 90 for someone who is 65 today. A 65-year-old couple might be surprised to learn that there is a 66% probability that at least one of them will live another 25 years, reaching age 90.
Right chart: Many have not saved enough.
Action Point: Investors should start early by saving more, investing with discipline and having a plan for their future.
