Pre- and post-Covid attitudes
Non-retired Hongkongers express an increasing sense of urgency post-Covid to support various needs in retirement.
We surveyed 1,000 non-retired Hongkongers to find more about retirement planning – their expectations, attitudes and challenges faced.
Key findings from this research
Following the pandemic, we are seeing a shift in attitudes towards retirement among Hongkongers.
Some have become more proactive in protecting themselves for the future:
- Almost half (48%) of non-retirees express a higher sense of urgency to save to support potential healthcare needs in retirement.
- 46% believe that effective wealth management is even more crucial to financial security after the pandemic.
- 38% indicated more willingness to make sacrifices in their current lifestyle to save for retirement.
Other findings
To a less extent but still significant and worrying is that some people seem to live in the present and are prioritising experiences even more now over financial security in the future.
- 37% feel that it is even more important to live for today and not to worry too much about the future, which is particularly the case with Gen-Z* (44%).
- 36% indicate that it is even more important to invest in experiences now than to save for retirement.
*Gen-Z refers to respondents aged 18-29.
