Wednesday, July 27, 2016

HSBC's depressing message about the state of retirement savings

HSBC has been researching the retirement market for as long as I can remember.

I think the scale of the research has been stripped down but even so it is always worth a read..

This year's report has a single message - as far as I am concerned - "times are bad"

These are the main conclusions. So people expect to work longer - are starting preparing for retirement later and often stop saving because of the financial pressures of today.

More evidence for the problems being stored up for the next wave of retirees comes from research just published in the UK that showed that for 70% of Brits age 45+ the value of property wealth was worth more than their investments, savings and pension put together.

Doesn't bode well for the future. Dick Stroud

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