For over 90 years, Prudential Corporation Asia has been helping individuals and families across Asia plan for their long-term financial future.
To help advance this mission, Prudential has sponsored a major survey that looks at how retirement attitudes and expectations are changing in the region. “From Challenge to Opportunity”, which covers 10 markets in East Asia, offers powerful insights into the emerging trends shaping the future of retirement in the area, and highlights the steps that governments, businesses, and individuals can take to ensure a brighter and more secure retirement future. To read the full report, individual market analysis and infographics, visit here.
The Global Aging Institute (GAI), in partnership with Prudential Corporation Asia, undertook a major study on retirement attitudes and expectations in East Asia. The survey found that citizens almost everywhere in East Asia are highly concerned about their retirement security. While they are eager to improve their retirement preparedness, and have taken steps to do so, governments and business could do more to help close the existing gap. A range of recommendations are provided below.
More than 10,000 respondents from 10 markets – China, Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam – took part. The respondents were household main earners aged 20 or older, including both current and retired main earners. The key findings were outlined in the media release, provided below.