{"id":326019,"date":"2025-08-07T19:53:17","date_gmt":"2025-08-07T19:53:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/326019\/"},"modified":"2025-08-07T19:53:17","modified_gmt":"2025-08-07T19:53:17","slug":"over-half-of-hongkongers-plan-to-work-past-65-as-retirement-savings-fall-short-survey","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/326019\/","title":{"rendered":"Over half of Hongkongers plan to work past 65 as retirement savings fall short: survey"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">More than half of Hong Kong residents do not plan to retire at the typical retirement age of 65, with many feeling that they cannot reach the average HK$5 million (US$637,000) savings target necessary for a comfortable post-work life, according to the T. Rowe Price Hong Kong Retirement Survey released on Thursday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">About 52 per cent of respondents indicated they would not retire at age 65. Among them, about 80 per cent preferred not to retire at all or opted instead for a \u201cmicro-retirement\u201d, which involves taking a break for several months to a few years before returning to work.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The survey, the first of its kind by the US financial firm, polled 600 Hong Kong residents over the age of 30 in May.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cFinancial pressure is certainly one factor, especially in a high-cost city like Hong Kong,\u201d said Shen Wenting, global investment solutions strategist and portfolio manager at T. Rowe Price, which manages US$1.56 trillion in assets.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">About 60 per cent of respondents had a retirement savings target between HK$2 million and HK$10 million, with the average being HK$5 million, considered enough for them to feel secure in completely stopping work. For those considering a micro-retirement, the average savings target was HK$2 million.<\/p>\n<p><img decoding=\"async\" alt=\"The average retirement savings target of 60 per cent of the respondents was HK$5 million. Photo: Nora Tam\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/69005500-d146-4f93-aad5-77b946c04c51_fd8fa299.jpg\" title=\"The average retirement savings target of 60 per cent of the respondents was HK$5 million. Photo: Nora Tam\"\/>The average retirement savings target of 60 per cent of the respondents was HK$5 million. Photo: Nora Tam<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">However, one-third of respondents felt they could not achieve their goals, and 40 per cent reported not having any retirement savings target at all. This may explain why 62 per cent cited the need to maintain an income as their reason for not retiring at age 65.<\/p>\n","protected":false},"excerpt":{"rendered":"More than half of Hong Kong residents do not plan to retire at the typical retirement age of&hellip;\n","protected":false},"author":2,"featured_media":326020,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[117544,51,117548,474,3749,117552,117547,12522,117546,117550,2499,117545,117551,117543,117549,16,15,978],"class_list":{"0":"post-326019","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-boc-life","9":"tag-business","10":"tag-cash-is-king","11":"tag-finance","12":"tag-hong-kong","13":"tag-hong-kong-residents","14":"tag-hong-kong-retirement-survey","15":"tag-hsbc","16":"tag-manulife","17":"tag-micro-retirement","18":"tag-personal-finance","19":"tag-retirement-investment-products","20":"tag-shen-wenting","21":"tag-silver-economy","22":"tag-t-rowe-price","23":"tag-uk","24":"tag-united-kingdom","25":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114989236491667093","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/326019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=326019"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/326019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/326020"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=326019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=326019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=326019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}