Prudential: Only 31% disagree Government is doing enough for Retirement

In an interview survey with 750 Singaporeans, insurance conglomerate Prudential and research firm Global Aging Institute published their findings today (Sep 15) and found that only 31% disagree that the Singapore Government is doing enough for their retirement. 42% surveyed agree otherwise.

Screenshot from Prudential GAI report

Here are the key findings from the report:

1. 70% of retirees aged 60 and above live with their children and 29% are heavily dependent on them
2. 76% of working adults aged 20 and above believe they will work beyond 60 years old
3. Only 60% believe taxes should be increase to help elderly in financial need
4. 54% want to raise the Retirement Age of 65
5. 89% want the Government to make workers save more for retirement

You may download the report from Prudential and GAI here.