Source: Hong Kong Zhongtong News Agency
Author: Chen Zhuoyi
Recently, the Hong Kong Investment Fund Association survey shows that Hong Kong migrant workers have to earn 7.6 million yuan (Hong Kong dollars, the same below) to retire.How much money can be retired, this type of investigation is a lot and the numbers are not the same. The answer to this question is determined to be anxious about the future.
According to the survey, if the planned retirement is started at the age of 37, it is expected that the retirement age is about 61 years old. It will need 7.6 million yuan to maintain the living standard before retirement.Essence
A survey of this category is very market in Hong Kong, and the citizens often discuss how much money to retire.Some financial newspapers have columns, and families often write letters to ask experts how to plan retirement.
Where does retirement anxiety come from?
The first is of course expensive.According to a report released by the international consulting agency ECA International, Hong Kong has won the "throne" of the most expensive cities in the world for four consecutive years. The latest ranking has finally fallen and fell to the second place in the world.Another report issued by Swiss Pokémon Private Bank shows that the amount spent by housing, legal services, and driving in Hong Kong ranks among the top three globally.Among them, private housing has become the motivation for the lifelong struggle of Hong Kong migrant workers, and it is also the main source of anxiety for retirement.
Second, Hong Kong people have the longest life in the world, and their average life expectancy is close to 85 years, which means preparing for longer retirement years.Hong Kong does not have a statutory retirement age, but because the retirement funds (strong fellowship) need to be extracted after the age of 65, most people will regard the retirement age at the age of 65.Standard age retirement should prepare for at least 20 years of living expenses.
Finally, Hong Kong's retirement anxiety is more from the middle class.Hong Kong's grass -roots guarantee is not too bad. At a certain level of income, you can apply for a public housing of thousands of yuan a month, and groups with low income can also purchase exclusive housing with a market price of 60 % off.As a result, the middle class has become a "sandwich class", which cannot easily buy business, and it is difficult to obtain government funding. In the end, most of the savings are spent on private housing.
Observe some survey reports that the basic expenses of retirement in Hong Kong are not high.
The data released by the Hong Kong Financial Planning Society in recent years shows that the real retirement expenses of retirees are 13,800 yuan per month.HSBC announced the retirement planning indicators in September this year, and divided the retirement lifestyle into four categories: basic, simple, comfortable and rich.If you want to live a basic retirement life, the minimum spending of single people living in public housing is 8020 yuan per month, and retirement of 65 years old will cost about 1.44 million yuan.
As for the pension system, Hong Kong follows the principle of marketization.At present, there is a strong deposit fund system that requires employers and employees to pay monthly money, but the return of employees with low investment knowledge is not satisfactory.Therefore, the government has implemented stable investment channels such as annuity planning and silver bonds in recent years, hoping to give official guarantees in investment strategies.
In the final analysis, how much money it takes for retirement has no standard answer.The purpose behind such surveys is not really settled for you; the government can provide basic data or retirement solutions as a reference to allow Hong Kong people to have less retirement anxiety and focus more on the present.
