Affluent Indonesians plan to retire early – More than half of affluent Indonesians plan to retire early, according to a recent survey by London-based bank Standard Chartered, as the pandemic has prompted people to set new goals in life.
The share of Indonesians with such a plan has reached 58 percent, according to the online survey involving 15,469 emerging affluent, affluent and high-net-worth individuals across 12 countries in June and July this year.
“In Indonesia, more so than any other market, an overwhelming number of the affluent plan to retire before 65”
Standard Chartered stated in its recently published report on the survey.
One-third of the elderly working population spend between 15 and 34 hours a week working, BPS data show.
Another 25.64 percent of them still work full time at between 35 and 48 hours a week, and 20 percent even work 49 or more hours a week.
Millions across the globe have set new life goals for themselves during the Covid-19 pandemic, which has upended many people’s health and finances.
By contrast, only one in five people among the affluent are not currently saving or investing for retirement, according to Standard Chartered’s survey. This is the second-lowest proportion among the surveyed countries.
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