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Nine significant stats about retirement

Since 2005, HSBC has conducted an annual survey to find out how people feel about retirement. Read nine of the most important statistics from our latest Future of Retirement report.

Key findings from China

  • 46% need to support another person financially
  • 38% are paying for their life after retirement with savings
  • 64% depend on their national pension
  • 23% still have other debts to pay off
  • 21% regret not starting to saving at an earlier age
  • 66% of working people fit in one or more of these categories: not yet started saving for retirement, have stopped doing so, find it difficult to manage their retirement fund
  • 18% of people over 60 see themselves living in a retirement home
  • 26% have never received any advice on retirement preparation
  • 60% of working people have received some advice on retirement, but for 29% of those the advice was only from friends and family 

* Source: HSBC Future of Retirement report 2016.

The global bank HSBC has released the 9th edition of its Future of Retirement report. HSBC independently surveyed 18,207 people in 17 countries and regions, including the China, UK, US, Argentina, Australia and Hongkong, to assess retirement trends in the face of an increasingly elderly world population and increasing life expectancy.

 

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Although the above information is carefully written, the Bank does not warrant, state or guarantee the accuracy or completeness of the above information. The above information is not and should not be regarded as an offer or purchase invitation for any financial product, nor should it be viewed as an investment proposal.