Property News · January 16, 2019

Hongkongers are financially unprepared for retirement and death, exposing the risks of living in the world’s most expensive city


Hong Kong’s residents are financially unprepared for sudden deaths, with shortfalls between their intended bequests and income that leave their loved ones vulnerable to the challenges of living in the world’s most expensive urban centre, according to a survey.
For singles who are still working, the shortfall between their income and what they bequeath to their parents can be as high as HK$2 million, while the gap is narrower for unmarried retirees at HK$1.05 million, according to…

Source : South China Morning Post
Read more…Hongkongers are financially unprepared for retirement and death, exposing the risks of living in the world’s most expensive city

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