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Retirement savings main priority for most locals, but home ownership a concern for younger Singaporeans: Manulife

Jovi Ho
Jovi Ho • 3 min read
Retirement savings main priority for most locals, but home ownership a concern for younger Singaporeans: Manulife
Nearly two-thirds (63%) of Singaporeans view saving for retirement as their number one personal finance goal, more than anywhere else in the region (49% on average). Photo: Bloomberg
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Nearly two-thirds (63%) of Singaporeans view saving for retirement as their number one personal finance goal, more than anywhere else in the region (49% on average).

Besides retirement saving, shoring up emergency funds (44%), maintaining their current lifestyle (34%) and saving for medical needs (26%) are their other priorities.

For younger Singaporeans without children, however, saving to buy a home is a priority (46%), well above the country’s average (21%).

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