KUALA LUMPUR: High debts and low savings are among the reasons why many Malaysians are unable to retire, a HSBC survey revealed. More than 90% of Malaysians aged 45 and over who want to retire in the next five years are unable to do so due to some financial constraints.
The survey showed that many are bogged down by health bills and children’s education fees, resulting in many of them unable to save enough for their retirement, HSBC Malaysia Retail Banking and Wealth Management head Lim Eng Seong said at a briefing.
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