The findings are based off Syfe’s latest Retirement Readiness Index (SRRI) that the sentiment among Singaporeans, on their readiness to retire, has worsened during the Covid-19 pandemic.
Over half – or 60% – of Singaporeans feel that they don’t have enough savings for their retirement in 2020, compared to the 57% who felt they were not quite ready for retirement in 2019, says Syfe.
The figures come as 73% of Singaporeans have either increased or maintained their level of savings in 2020 than they did in 2019, according to the Singapore-based digital wealth manager.
