Sing TaoStaff reporterHong Kong's younger workers are delaying their retirement plans to fight against inflation, a survey shows.
Twelve percent of the city's workers have postponed retirement, compared to only 9 percent of retirees who did the same, reflecting changing economic conditions and personal circumstances, the Sun Life survey showed.
Current workers expect to retire at an average age of 66, five years later than the average age of 61 for current retirees.
Although the majority of respondents set aside at least 10 percent of their income for retirement savings, 22 percent have not allocated any funds for this purpose.
As a result, 71 percent have been forced to cut spending, and 57 percent have had to forego medical treatment for certain conditions...
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