A new survey of Asian investors reveals that millennials in the region are at substantial risk of a cash crunch during their later years, with many expecting to carry mortgage debt into retirement or even run out of money altogether, according to a survey of Manulife's Investor Sentiment Index.
Millennial investors revealed very mixed expectations about the quality of their financial futures. Despite widespread optimism about their retirement – with nine-out-of-ten (89%) saying they expect to be able to maintain or improve their standard of living in retirement – nearly one-third of millennial investors also expect to run out of money later on in life.
"Asia's millennials are naturally optimistic about their retirement as many will have grown up in an era of unprecedented economic development. With that prosperity comes a longer ...
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