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Millennials choosing Instagram-worthy homes over saving for retirement: Manulife survey

Investing strategies

Millennials choosing Instagram-worthy homes over saving for retirement: Manulife survey

Stanislaus Jude Chan Published on Thu, Nov 01, 2018 / 5:22 PM GMT+8

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SINGAPORE (Nov 1): The majority of Millennials in Singapore perceive short-term life goals such as creating an Instagram-worthy home as being more important than saving for retirement, according to a survey commissioned by financial services group Manulife.

However, the survey, which polled 1,000 respondents based in Singapore across three generations, also found that Millennials are starting to save for their future at a younger age than Gen X and Baby Boomers did.

Millennials were found to have started saving up for the future at the average age of 27. In comparison, the average Gen X started saving for retirement at 35 and a majority of Baby Boomers only started close to 40.

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Millennials choosing Instagram-worthy homes over saving for retirement: Manulife survey

Investing strategies

Millennials choosing Instagram-worthy homes over saving for retirement: Manulife survey

Primary tabs

Error message

Millennials choosing Instagram-worthy homes over saving for retirement: Manulife survey

Investing strategies

Millennials choosing Instagram-worthy homes over saving for retirement: Manulife survey

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