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?
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you