'Peter Pans' may find themselves short of money in old age

A recent OCBC survey has uncovered some worrying trends, 37 per cent of Singaporeans actually live by the day and do not even think about saving for old age. ST PHOTO: KUA CHEE SIONG
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They are in their 30s to 50s, mature and inching towards retirement, but they still think they are very young and can, well, live forever - so they tend to spend more rather than save.

After all, they keep fit, exercise regularly and are confident they can keep working way past their 60s or even 70s. So why plan for retirement when they don't actually plan to retire at all?

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