Singaporeans expect to spend 9 years of 'post retirement' work

Longer than Asian peers.

According to Manulife Investor Sentiment Index survey, more than half (54 per cent) of investors expect to work full- or part-time during 'retirement'; for another six years, on average, until the age of 66. Singaporean investors expect to continue working the longest, with another nine years of 'post retirement' work until age 70.

The majority of investors across the region see working in retirement in a positive light: a way to stay active, connected and healthy. Very few say they have no choice but to work, but in reality they may not be able to work whether they want to or not.

"Research reveals that elderly labor employment levels are generally well below the level the survey findings point to," explained Mr. Dommermuth. "In North Asia, elderly labor participation ranges from 8 per cent in Hong Kong and Taiwan to 20 per cent in Japan.

This could be because although retirees want to work, they may be increasingly selective about the jobs they take, waiting to find a position that is line with their personal interests, offers a flexible schedule and is less physically demanding. Or their ability to work may be limited due to elderly-related health issues."

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