Singapore media plugs
Not Enough Money For Retirement
It was reported that most Singaporeans are very lacking of cash saving for a proper retirement.
Indeed, most Singaporeans life-time income go to long term (averaged 29 years) housing mortgage and high transportation costs (car ownership).
By the time they retire, very little is left in their saving for a decent and comfortable retirement life, not counting high medical care costs.
above: “Saving could only last (retirees) for about 9 years upon retirement…”