Want to work until 70? If not, you better start saving a lot more, warns a survey of Hongkongers

Most Hongkongers have way too little socked away for retirement – and would have to work until 70 to keep up with their expenses, according to a new survey by AIA.

It found that 65 per cent of workers surveyed face a record high shortfall of HK$1.85 million (about US$240,000) in retirement reserves needed to retire at their preferred age of 61.