According to the survey findings, 72.3% of the respondents know how much contingency savings they need. Within the same survey, it was found that 58.3% of the women polled are confident that they have enough funds to retire with a peace of mind. The same women have also invested in an asset class of choice to contribute to their retirement funds. Of the pool, 42.2% of the respondents polled indicated that they have invested in stocks while 17.2% have invested in bonds. Another 13.2% have invested in funds while 27.4% put their money in a mix of exchange-traded funds (ETFs), REITs, options and more.
About one in two women – or 53.4% of the respondents polled in Moomoo Singapore’s first Singapore Women’s Financial Fitness survey – have indicated that they wish to lead financially-free lives and retire before turning 60 years old. In contrast, only 14.3% of respondents polled are considering retiring only after 70 years or later, or not at all.
The survey polled 2,655 female investors in Singapore who are aged 21 years and older. The same respondents have a median annual income of $60,000 and are employed.
