A survey by a US financial group in January found that more than a quarter of the Hong Kong people interviewed favoured early retirement.
Initially, 1,000 people were interviewed and then a selection was made of 300 middle-class people aged 25 to 55.
They earned between $20,000 and $50,000, with an average income of $28,000. Their average age was 39. Of these, 69 per cent were married and had completed secondary school.
This data might seem boring, but it has a direct bearing on your family.
The survey revealed that 20 per cent of those interviewed favoured retirement before the age of 50. Some even said the ideal retirement age was in the 40s.
However, more than 70 per cent of them did not have any detailed and constructive financial plans for their retirement. This meant that they did not know exactly how much they would need for the rest of their lives. Their dream was simply to retire early while they were still young enough to enjoy their golden years.
