Gen Z decoded : how we work | We are Gen Z
Gen Z decoded : how we work | We are Gen Z
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31 fantastic retirement tool , the increased cost of living coupled with rising life expectancy means it can no longer be relied upon as someone ’ s sole retirement provision .
These trends have increased the need for financial planning around the world , not least in Singapore , as people will be required to take greater personal responsibility for their retirement funding . Worryingly , the OCBC ’ s Financial Wellbeing Index has found that 73 % of Singapore residents are not on track with their retirement plans and 65 % are behind with accumulating enough funds to maintain their lifestyle after retirement . The same survey also discovered that those in their 20s are doing well when it comes to savings , but half have not started on retirement planning . Furthermore , half of women in their 20s do not know the best way to grow their money and shy away from investing .
Generation Z will also face an increasingly uncertain future in the face of rapidly changing technological disruption . Increased innovation and
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