SINGAPORE – When it comes to making plans for their own retirement, younger parents face the most obstacles. Apart from taking care of their children, they also have to set aside part of their income to pay for the needs of their own parents.
It’s no wonder why this group is often known as the “sandwich class” because they do get squeezed for money by two groups of dependants. So it’s no surprise that a new AIA Singapore survey shows that 60 per cent of parents invariably end up short of money in old age.
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