Almost half of Singaporeans believe they won't be able to retire comfortably - Printable Version

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+--- Thread: Almost half of Singaporeans believe they won't be able to retire comfortably (/Thread-Almost-half-of-Singaporeans-believe-they-won-t-be-able-to-retire-comfortably)

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Almost half of Singaporeans believe they won't be able to retire comfortably - pinkypanther - 08-09-2022

https://www.bannedsite.com/forum/current-affairs/almost-half-of-singaporeans-believe-they-won-t-be-able-to-retire-comfortably

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Ola - 08-09-2022

Under PAP, especially sotong Shoot Blank Queen

they cannot even handle MOM and CPF properly

No confidence in them

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Ola - 08-09-2022

28 OECD Countries, SG did badly

It was reported by UK that-

". . . . our system did not perform well relative to other countries in terms of retirement income adequacy since there is no basic pension or significant safety net for the poorest."

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - happyharvest - 08-09-2022

the more accurate data should be more than half bah

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Ola - 08-09-2022

Actually, reports have shown that past 10 Years

PAP did not manage CPF well


HR consultancy AON declared that retirement inadequacy in Singapore was “acute”. By their calculation, the average CPF LIFE payouts would only replace about 25% of a person.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - drgn - 08-09-2022

for those who have hdb flats, it is quite simple.

just rent out the flat and go to a small town in malaysia to rent a house.

the rental from hdb flat should be able to cover rental and living cost in malaysia , plus some extra money.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Oasis - 08-09-2022

(08-09-2022, 08:53 PM)drgn Wrote:  for those who have hdb flats, it is quite simple.

just rent out the flat and go to a small town in malaysia to rent a house. 

the rental from hdb flat should be able to cover rental and living cost in malaysia , plus some extra money.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Huliwang - 09-09-2022

Comfortably is too vague. Must set a yardstick as different people have different comfort criteria. For example some feel comfortable staying in a rented HDB room and some don't......

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Scythian - 09-09-2022

..

Surprise surprise surprise

Coming from one of World's richest countries..

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - singlon - 09-09-2022

sitting alone doing nothing without the constant chatterings is for singlon.
It clears the Mind such dat singlon is abled to see not just Japoni blackhole
EU blackhole
Japoni is deflationary EU inflationary
let see how this balance out

as for sotong we have a winter WEF in Davos and a summer one in China

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Scythian - 09-09-2022

(08-09-2022, 08:20 PM)happyharvest Wrote:  the more accurate data should be more than half bah

With 34% of national wealth held by 1% of SG population, virtually, the balance 66% wealth is spreading thinly across the majority 99% population.

Why is Everyone working so hard just to enhance the growing wealth of one %?

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Wy:Nox - 09-09-2022

(08-09-2022, 08:53 PM)drgn Wrote:  for those who have hdb flats, it is quite simple.

just rent out the flat and go to a small town in malaysia to rent a house. 

the rental from hdb flat should be able to cover rental and living cost in malaysia , plus some extra money.

HDB is a liability and must rent it out to survive in Malaysia that is not our home, not our country and not our Govt.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Scythian - 09-09-2022

.
JoTeo says 450,000 pensioners will receive $350 a month AVG CPF payout

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - maxsanic - 09-09-2022

It really depends on what they mean by "retire comfortably" when they answer the questionnaire.

If it means that on the last day of employment I am drawing $x and the next day of retirement I should still be able to continue my lifestyle at 80 - 90% of $x, then most Singaporeans are unlikely to meet this criteria as the net worth required is rather high.

However if it means basic needs are met and the occasional luxury here and there then yes perhaps 50% - 75% of the population can meet this criteria.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Sharexchange - 09-09-2022

Housing price must keep rising and rising to sustain Retirement.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Huliwang - 09-09-2022

I think basing on simple, frugal lifestyle and not fuzzy on food most Singapore should be able to retire. However, still may be about 10% to 15% might not be able to meet this lifestyle cost.

It is the medical and hospitalization cost that scare people into retirement and looks like half the population find it very difficult to meet in retirement.....

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Ola - 09-09-2022

(08-09-2022, 08:53 PM)drgn Wrote:  for those who have hdb flats, it is quite simple.

just rent out the flat and go to a small town in malaysia to rent a house. 

the rental from hdb flat should be able to cover rental and living cost in malaysia , plus some extra money.

PAP better go and beg Malaysia Govt

They better be on the knees to allow old poor Singaporeans to rent and live in JB

And then apologize to citizens  for not handling CPF for our retirement well

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Manthink - 09-09-2022

(08-09-2022, 07:24 PM)pinkypanther Wrote:  https://www.bannedsite.com/forum/current-affairs/almost-half-of-singaporeans-believe-they-won-t-be-able-to-retire-comfortably

Copied from one of the comments:...

(The) study organized and funded by insurance pimps with an agenda, probably conducted with biased samples and misleading questions.  Then the propagandist media published this and simply call it 'news'.

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Ola - 09-09-2022

(09-09-2022, 11:06 AM)Manthink Wrote:  Copied from one of the comments:...

(The) study organized and funded by insurance pimps with an agenda, probably conducted with biased samples and misleading questions.  Then the propagandist media published this and simply call it 'news'.

Regardless, all retirement must cover 3 BASIC Necessities 

esp for the bottom 20% of the people:

1) Roof over the head
2) Electricity & Water
3) Food
4) Medicine

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RE: Almost half of Singaporeans believe they won't be able to retire comfortably - Manthink - 09-09-2022

(09-09-2022, 11:50 AM)Ola Wrote:  Regardless, all retirement must cover 3 BASIC Necessities
esp for the bottom 20% of the people:
1) Roof over the head
2) Electricity & Water
3) Food
4) Medicine

I can see the difference between basic reality vs marketing "studying" by a insurance coy...

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