SINGAPORE (Nov 1): The majority of Millennials in Singapore perceive short-term life goals such as creating an Instagram-worthy home as being more important than saving for retirement, according to a survey commissioned by financial services group Manulife.

However, the survey, which polled 1,000 respondents based in Singapore across three generations, also found that Millennials are starting to save for their future at a younger age than Gen X and Baby Boomers did.

Millennials were found to have started saving up for the future at the average age of 27. In comparison, the average Gen X started saving for retirement at 35 and a majority of Baby Boomers only started close to 40.

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