4 in 10 S'poreans not saving for retirement

[CityFarmer]

i recall more than 10yrs ago, when i was a senior officer in the armed forces, during the lunches with the other officers we would discuss about work and non work issues. most of the non work issues were about where to go and what to buy when the pay day comes. i don't remember anyone from captain to colonel talking about investment etc.
when i do reservist now, same. but new finding-- i mix with the retired dxos. and only one of them in his 60's seemed wise with his money-fully paid up landed house and car and with a healthy stock portfolio.

In private companies, even senior management members are not wise in their money IMO.

A rough count shows that probably 2 in 10 have investment either in stock or property. Most are talking about changing new car, new gadgets, holiday etc.