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Financial preparedness for old age in Singapore 2021

Published by
R. Hirschmann,
Dec 16, 2022
A survey on Singaporeans and their preparedness for old age found that 55 percent of respondents were of the opinion that they were not financially ready for retirement or old age. In comparison, 29 percent of respondents stated that they were financially ready for retirement or old age.

Share of respondents who were financially prepared for old age in Singapore as of June 2021

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Sources

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Release date

September 2021

Region

Singapore

Survey time period

May to June, 2021

Number of respondents

1,218 respondents

Age group

25-74 years

Method of interview

Online survey

Supplementary notes

Original question: "From a financial perspective, are you ready for 100?"

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Statistics on " Aging population of Singapore "

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Statistics on Aging population of Singapore

Overview

4

Elderly population

5

Economic impact

5

Social impact

4

Retirement readiness

3

Further related statistics

18

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