INTERNATIONAL Women's Day is celebrated tomorrow so it's pleasing to report that women here not only feel more optimistic about the future after the economic woes of last year, but are also more proactive about setting themselves up for retirement.
These findings - from recent surveys - show that women have made some progress in terms of personal finances.
The Tsao Foundation-TNS annual Ageing Preparedness Survey polled about 300 respondents in the second half of last year, on how prepared they are for their retirement. Half of the 300 were female. It found that compared with the 2008 survey, more women believe that retirement planning is important, are saving actively and are realising they may have to work beyond 60.
This is evidence of a trend in the right direction and shows that the importance of preparing for retirement is getting through to people, says the Tsao Foundation.
Not surprisingly, the survey also notes that income security is the topmost concern for a happy retirement.
'It is heartening to know that preparing for one's retirement is increasingly becoming an important part of a woman's life,' says Tsao Foundation chief executive Tan Bee Wan.
[SOURCE: http://www.straitstimes.com]
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