Building long-term financial security
Chee Jo-Ey | 30 Aug 2019 00:30

Recently, news of a Japanese woman retiring before 35 after scrimping and limiting her daily budget to no more than RM6 for 16 years grabbed headlines around the world.

Many people think of retirement planning as something that’s in the far distant future and not a top priority in their laundry list of things to do.

But those who begin early do benefit later.

New York City-based BlackRock Inc’s Global Investor Pulse study, covering 27,000 people in 13 nations including China and Singapore, found that 58% of the respondents aged between 18 and 34 admitted that they are too engrossed in dealing with their current state of finances to save for the future.

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