Prudential Retire-Meter 2008

Some of the findings from Prudential Retire-Meter 2008:

• 40% Malaysians felt the need to continue working after retirement due to insufficient retirement fund
• 36% of people were less confident about their retirement compared to last year
• 81% said inflation had gone up and affected their lifestyles
• 72% said they saved, 77% of this 72% invested in low-yielding savings vehicles
• 41% did not know how much was enough for retirement
• 64% did not separate retirement savings from other savings

The survey was based on 1,024 Malaysians from key urban centres in both East and West Malaysia, with a monthly household income of at least RM3,000.

Source: Business Times