A recent report from HSBC shows that people across the West -- including the U.S. -- are generally pessimistic about their retirement prospects while those in the East are relatively optimistic. And yet, by every objective measure, citizens in Western developed countries control significantly more assets per capita than their counterparts in Eastern emerging economies. This inconsistency begs the question: Are we ever satisfied?
Specifically, HSBC’s The Future of Retirement report showed that 64% of Americans are concerned they haven’t saved enough for retirement, with 59% expecting to be worse off than their parents. Conversely, only 17% of Chinese expect to face financial hardships in retirement. Those findings are relatively consistent across Eastern and Western nations.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access