Half of Hong Kongers expect family to care for them in retirement

A new survey by St. James's Place Wealth Management Asia (SJP Asia) has revealed that more than half (51%) of Hong Kongers expect their family to care for them in retirement. The survey also found that more than half (53%) of respondents forecast they will not have enough money saved to sustain the lifestyle they want in retirement. Almost one-in-eight (12%) believe they will need to work past retirement age owing to a lack of savings, with almost two-thirds (65%) concerned about being a financial burden to those closest to them, the firm revealed in a press release. These findings hi...