For singles; it is all about their retirement! They can be single-minded on securing their retirement.
But for folks who are married with kids. Same meh?
One of the slides in the last CPF Talk by Uncle8888 ...
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
3 weeks ago
Hmm even for singles there is always lao pa/lao ma to consider. Nowadays medical standards for the masses is such that good enough to prevent early death (e.g. late-60s or mid-70s), but not good enough to ensure good quality of living into your 80s/90s. Those multi-millionaires & above no worries as this don't really apply to them, as long they do their part to lead healthy lifestyle.
ReplyDeleteCompounded by the fact that these days not like previous generation of at least 5 kids to 10 kids. Even for those who are in their 50s, they may only have 1 or 2 other siblings to share the load of looking after the old folks. (The 2-is-enough policy started in the late-1960s)