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Nine out of 10 middle-income Hongkongers aged over 50 have no plan to retire as they don’t have sufficient pension funds, survey finds

Nine out of 10 middle-income Hongkongers approaching retirement age have no firm plan to stop working because they fear their pension savings are insufficient, according to a report released on Monday. Many also believe the Covid-19 pandemic is likely to increase health care costs in the future, a further blow to their retirement plans. Almost 90 per cent of the respondents, aged between 50 and 59, had no specific retirement date in mind, while two thirds wanted to continue working as long as…

Read the original article at South China Morning Post

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