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Are Singapore’s millennials overly optimistic about their future?

Michelle Zhu Published on Thu, Mar 02, 2017 / 4:51 PM GMT+8

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SINGAPORE (March 2): Eight out of 10 millennial investors in Singapore are optimistic about their retirement prospects on the belief they will be able to maintain, if not improve, their current lifestyle after they retire.

But few are actually on track to do so, reveals recent data from the Manulife Investor Sentiment Index (MISI).

While saving for retirement remains among the top financial priorities of Singapore’s millennials, only 50% believe they are on track to achieving their financial goals, which Manulife says is one of the lowest proportions in Asia.