Date: January 12, 2016
Taiwan ranks fourth among six Asian countries and territories when it
comes to the population’s expectations and preparedness for retirement, according to a recently released international survey.
Jointly conducted in November 2015 by Singapore-based DBS Bank and the Indonesian branch of Canada-based Manufacturers Life Insurance Co., the first-time study involved 6,068 respondents aged 40 to 60 in Taiwan, Hong Kong, India, Indonesia, Singapore and mainland China.
The online survey used the Retirement Wellness Index to assess the level of respondent readiness across the areas of health, wealth and social aspects. [FULL STORY]
On a scale of 0 to 100, Taiwan’s score of 47 was ahead of Singapore at 46 and Hong Kong at 39, but behind Indonesia at 72, India at 69 and mainland China at 61. The average score of the six economies was 56 points.
In the wealth subindex, Taiwan’s score of 35 was ahead of only Hong Kong at 27 and tied with Singapore. In addition, while respondents plan to retire at 61.5 years old, 38 percent said they do not expect to fully withdraw from the workplace.