Sun Life Survey Highlights Inflation Challenges for Retirees in Asia

As the region’s population ages, younger generations are retiring later to save more

In the Philippines close to a half of today’s retirees express regret over past financial decisions with the biggest reasons being not saving enough (73%), followed by not investing wisely (47%), and retiring too early (38%).   

66% of respondents will leave planning for retirement expenses within 5 years of retirement. 

Younger respondents are adjusting expectations in light of looming challenges, including delaying their retirement. Primary reasons include the need to save more (59%), the desire to remain active (59%) and the need to cover increased living expenses (46%).  

Challenging times ahead—are you life-secured?

Achieving life security can mean different things to different people. For some, it can mean having a happy family, a profitable business, or owning a house. For others, it could mean a stable, high-paying job that allows them to live comfortably.

Whatever your definition of life security, achieving this is no simple task—it takes a lot of work, dedication, and focus. What’s more, nobody really knows what the future holds so we must prepare ourselves for anything. Fortunately, there are things you can do to help shape your future for the better. Here are some tips on how you can achieve life security during these uncertain times: