Singapore allegedly the costliest nation for Individuals to comfortably retire in

SINGAPORE: Singapore is allegedly the costliest nation for retiring Individuals to settle in, based on a brand new report by American monetary providers agency NetCredit. Citing an Aegon examine that discovered that 13 per cent of American staff would think about dwelling overseas for retirement, the NetCredit report analysed the prices of dwelling in international locations worldwide.

It claimed it might take the common American a whopping US$1.18 million to dwell their later years in Singapore, allegedly making the little purple dot the costliest place on the earth for American retirees.

Picture: NetCredit

By comparability, it might allegedly price US$702,330 for staff to comfortably retire throughout the US and simply over half one million {dollars} for retirees to comfortably dwell out their later years in Canada or the UK.

Whereas some netizens have been unsurprised by NetCredit’s findings as a result of rising price of dwelling in Singapore, some requested what is taken into account obligatory for Individuals to “comfortably retire.”

Noting that the numbers on NetCredit’s report match the numbers discovered on the crowd-sourced international database Numbeo, a platform that isn’t peer-reviewed, netizens mentioned that Numbeo’s calculation is predicated on retirees having two vehicles. It’s unclear what the numbers could be if one or each of the automobiles have been faraway from the equation.


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