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To young adults who say retirement planning is challenging, financial experts say ‘Start earlier’
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Financial advisor Eric Wesley, 29, has a five-year old daughter and will welcome the arrival of his second child in September.
ST PHOTO: EUGENE TAN
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SINGAPORE - With rising costs of living and high interest rates, it has become more challenging for many people to cope with daily living expenses and plan for their retirement at the same time.
In a survey of 1,500 people from Singapore, Malaysia and Hong Kong, 34 per cent said it is harder today to afford daily expenses than it was two years ago. The survey was conducted in April and May by financial investment management and insurance company Principal Financial Group, and the respondents were aged 16 to 86.
