Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»More than 50 percent of Hongkongers plan to work past retirement age
    Investments

    More than 50 percent of Hongkongers plan to work past retirement age

    August 24, 20253 Mins Read


    We don’t want to lean in, we just want to lie down – but that’s looking increasingly unlikely as Hong Kong residents near retirement age. A new survey by T. Rowe Price, an asset and retirement investment management firm, reveals that 52 percent of participants in the 2025 T. Rowe Price Hong Kong Retirement Survey feel the need to continue working past the traditional retirement age of 65 instead of leaving the workforce for good, while 47 percent are open to exploring alternative forms of retirement.

    Considering the fact that respondents estimate needing more than $5 million in savings as a tool for comfortable retirement in order to match Hong Kong’s high-cost living expenses, this news may not come as a shock. In the survey, 62 percent of participants confirm that maintaining a stream of income is their reason for ‘unretirement’. 

    80 percent of those who want to work past retirement are attracted to flexible retirement models, such as ‘micro-retirement’ – taking conscious breaks from professional life between careers – to relieve pressure, pursue an improved work-life balance, and meaningfully engage in personal interests without exiting the workforce completely. But even before embarking on ‘micro-retirement,’ Hongkongers feel that they should already have $2 million in the bank. In fact, 40 percent of respondents plan to return to work merely six months post-retirement – give yourselves a break, we beg!

    A whopping 40 percent of interviewees have not set themselves a target for retirement savings, but this is not all down to poor preparation – knowledge gaps about suitable retirement options and lucrative investment strategies is definitely a hurdle. While high-reward investments require a learning curve, conventional low-growth investment pathways such as time deposits and bank savings just aren’t cutting it either, as these methods may not be enough to achieve a secure retirement.

    However, money is not the only reason why some respondents are considering working past the age of 65. 69 percent cited remaining mentally active as a compelling motive – even more so than sustaining a steady source of income – and they are willing to earn less in their post-retirement period if that means they can keep themselves busy.

    Well, we suppose it’s time to return to the grind…

    Stay in the loop: sign up for our free Time Out Hong Kong newsletter for the best of the city, straight to your inbox

    Recommended stories:

    5 more typhoons are forecast to hit Hong Kong until end of 2025

    Cantonese opera legend Fung Wong-nui’s classic films are returning to the screen

    Hong Kong’s first large-scale balloon parade floats into town this year



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Retirement savings gap emerging between self-employed and employees

    Investments

    RBI urges banks, corporates to drive investments amid tariff, geopolitical uncertainties | Business News

    Investments

    DoDEA Day Strengthens Bonds Between Educators and Military Community at Ramstein Air Base | Article

    Investments

    Chinese bonds find fast favour in Hong Kong short-term borrowing as new rules take effect

    Investments

    The smarter property bet lenders can’t ignore

    Investments

    India bonds rise as Powell’s dovish remarks partly offset fiscal concerns

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Taux : la dégradation se poursuit, T-Bonds proches planchers

    Precious Metal

    Swiss gold refineries are operating at full capacity

    Commodities

    Exhibition offers a backstage pass on the promotion of live rock and metal performances

    Editors Picks

    Trump Administration Sets Course to Ban Digital Dollar While Embracing Private Stablecoins

    January 21, 2025

    check how much they are worth

    October 26, 2024

    Calvin Harris ‘turns quiet Cotswolds village into Calvin Country with £15m property spree where he plans to set up home with TV presenter wife Vick Hope’

    June 7, 2025

    Alpha Copper: Graphique de Cours Comparatif | ALCU | CA02074D3067

    February 21, 2025
    What's Hot

    Bitcoin Is an Asset Class on Its Own; It Will Rise Regardless of the Next U.S. President

    October 15, 2024

    Stunts and bonds built on UMN artistic swimming team – The Minnesota Daily

    October 20, 2024

    EU slaps tariffs on US trucks, cigarettes and ice cream to target Trump’s red states – POLITICO

    April 8, 2025
    Our Picks

    13 Best Cryptocurrency Stocks to Buy Now

    March 11, 2025

    At U.S. request, India arrests cryptocurrency exchange Garantex administrator accused of money laundering

    March 12, 2025

    Labour’s national property tax will torpedo Britain’s housing market—and sink 200,000 jobs with it

    August 20, 2025
    Weekly Top

    Ukraine ‘suicide drones’ attack Putin’s key energy plant in crippling blow

    August 25, 2025

    Is Cryptocurrency Hiding in Your Retirement Fund?

    August 25, 2025

    BCCI in talks with Toyota, fintech company over title sponsorship ahead of Asia Cup: Report

    August 25, 2025
    Editor's Pick

    Grand Capital For Financial Investments Perte trimestrielle consolidée 56 171 EGP -Le 16 février 2025 à 09:15

    February 15, 2025

    German Bond Yields Climb As Fed Minutes And US Data Loom

    October 10, 2024

    le Top 5 des infos marquantes de la semaine

    February 16, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.