TAIPEI (TVBS News) — The latest global sentiment 2024 survey released on Thursday (Jan. 16) found that despite nearly 60% of Taiwanese expressing optimism and emotional stability, over 70% worry about rising living costs, and more than 60% feel anxious about insufficient retirement savings.
The Fidelity International (富達國際) global sentiment survey revealed that 97% of Taiwanese citizens prioritize maintaining their current lifestyle and preparing for retirement as financial goals. About half have maintained their retirement savings contributions, while 34% have increased them, indicating a commitment to future financial security.
Health issues, the risk of depleting savings too soon, and unexpected events rank as the top three retirement concerns among Taiwanese citizens. Although health and unforeseen events are unpredictable, proper retirement savings can mitigate these risks. Notably, 47% of respondents identified increasing savings and investments as their most urgent financial need, but over half lacked confidence in investing. Encouragingly, around 70% have sought financial advice and adjusted their plans accordingly.
Lee Shao-chieh (李少傑), the head of Fidelity International in Taiwan, emphasized that active financial planning is crucial for reducing stress and ensuring a comfortable retirement. He suggested using annual bonuses to bolster retirement savings.
