Friday, June 12, 2009

New HSBC report about retirement

HSBC has published its fifth annual Future of Retirement study.

All a bit doom and gloom. The results show that nearly 9 out of 10 people are not feeling fully prepared for their retirement. I would have thought it would have been 9.9 out of 10.

The bottom line of this document is that most people are clueless about their pensions, they don’t have enough saved and have no idea how they will support themselves during retirement. What the report doesn’t say is that the same comments apply to most of the national governments.

A nice glossy report with lots of graphs etc but doesn’t tell us anything we didn’t already know. Dick Stroud

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