Thursday, May 23, 2013

Expensive place to retire

Hi Mr.Tan,
I found this article interesting and shocking. 
http://money.msn.com/retirement/wealthy-nation-cant-afford-to-retire
 
"According to the study, the annual household income required to lead a "comfortable" retired life in Singapore is the third highest among Asia's major economies, behind Australia and Hong Kong, at $48,773. This figure is 68% higher than what was needed in 2011, the survey, which has been running for eight years, found."
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1 comment:

  1. Lye Khuen WayMay 24, 2013 2:20 PM

    So what has gone up 60% odd since 2011 to cause that very much higher level of household income(passive) needed for comfortable retirement here ?

    Could it be the population jump ?

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