Thursday, 16 July 2009

It's time to prepare

Global bank HSBC's 2009 "Future of Retirement" research makes sobering reading for those of us who were hoping to put our feet up in our later years.

The world’s population of over 65s will increase from 550 million to over 1.4 billion by 2050.

Fundamental changes in life expectancy around the world, coupled with the current economic downturn has already accelerated the trend of employers who are reducing the value of their contributions into workplace pensions.

Currently, just 13% of people around the world feel that they are very well prepared to cope with their future of retirement. The twin themes of preparation and self-reliance will therefore
increasingly come to define how we think about the retirement of the future.

How well are you prepared? Read the full report:

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