Posted on: 18th December 2018 in Dubai
Only 1 in 4 residents in the UAE are saving for retirement, according to a recent poll by the HSBC. And that’s a shame – because the new visa laws makes it easier and cheaper for expats to plan for retirement, as well as making property purchase in the UAE more attractive. 76% of those UAE residents polled in the HSBC’s 2018 Future of Retirement: Bridging the Gap were not putting money aside for their retirement. And an optimistic 83% expect their children to support them in retirement! Marwan Hadi of the HSBC reports that, “two in five agree it’s better to spend money on enjoying life now than saving for retirement, and more than half are typically saving for short-term goals rather than longer term plans.”We have 18 offices across the globe and we manage over $2billion for our 20,000+ clients
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