154th Blame Sporns For Not Being Able to Retire

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published June 13, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Singaporeans unclear about retirement income: survey

By ZEINAB YUSUF
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MOST Singaporeans - as in elsewhere - are clueless about what their retirement income will look like, a recent survey by HSBC revealed.

<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD> </TD></TR><TR class=caption><TD>NOT FULLY PREPARED
Singaporeans are focusing on short-term finances rather than long-term considerations like retirement needs</TD></TR></TBODY></TABLE>Released yesterday, the fifth annual Future of Retirement study, It's Time to Prepare, questioned 15,000 people in 15 countries and found that 91 per cent of people here do not know what income they will receive in retirement.
The finding applies globally, with 86 per cent of all respondents in the same school of thought.
Additionally, the survey identified a 'preparedness gap' in people's retirement planning across the world with nearly 9 out of 10 people not feeling fully prepared for their retirement.
Despite Singapore's increasingly ageing population, Singaporeans are focusing on practical short-term finances rather than long-term considerations such as their retirement needs.
According to the survey results, only 23 per cent of Singaporeans feel that they understand their long-term finances very well as compared to 39 per cent for short-term finances.
Explaining the results, CEO of HSBC Insurance in Singapore, Paul Arrowsmith said: 'People may be less well educated or aware of their long-term needs such as retirement and the necessity to act on them, than with their short-term requirements.'
Furthermore, as a result of the current economic crisis, the survey found that 27 per cent of Singaporeans cited debt as a potential obstacle to save and 8 per cent have already reduced or stopped contributing to retirement savings.
Globally, 17 per cent of respondents are reducing retirement savings or stopping them altogether with 9 per cent expecting to delay their retirement.
Coping with the financial turmoil, Singaporeans highlighted measures such as cutting back on big items like cars and holidays, as well as reducing purchases of clothes and eating out less.
For many Singaporeans, the economic crisis is expected to last more than 12 months, with only 18 per cent believing that things will turn around in less than a year.
This is in stark contrast to the higher levels of optimism seen in the global average which found 29 per cent of respondents believing that the economic downturn will end in less than 12 months.
Although the current economic downturn is forcing households in Singapore to develop survival strategies such as spending cutbacks, the survey report highlighted that 'though the current downturn may make long-term planning more difficult, the need to ensure a comfortable retirement will only continue to grow'.

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[metalslug]

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[Leegimeremover]

Solution is simple. Vote the current PAP out, liquidate all the cash reserves that LKY abd Gecko hold in terms of unfairly gotten and kept private assets. Set up a proper pension and CPF system, readjust housing prices and land prices, Singapore will attract the best talents to bring us to the next millenium. Now we only attract prostitutes, thugs, cheats and all the slime that make an LKY.

 

[funglung]

THAT BASTARD LEE KUAN YEW AND HIS BUNCH OF PAPAYAS AND KANGAROO JUDGES STOLE HUNDREDS OF BILLIONS OF OUR MONEY, OUR LUNCH MONEY, OUR RETIREMENT MONEY.


HOI

HOW ELSE DID BASTARD LEE KUAN YEW GOT FROM YOU ALL THAT 400-500++ BILLIONS INTO HIS TEMASICK AND GIC?

EVEN MORE HUNDREDS OF BILLIONS INTO HIS RESERVES




Sinkies got no balls
You all dare not stand with those that tried to speak for you.
SO HOW MANY TRIED TO SPEAK FOR YOU NOW?

You all dare not give money to them so that they can work for you.
SO HOW MANY CAN WORK FOR YOU NOW?

You all dare not support them publicly so that they can speak for you.
SO HOW MANY PUBLICLY SPEAK FOR YOU NOW?

You all turn your backs on those that spoke out bravely against LKY
LKY hit out at those who tried to speak for you with his kangaroo courts
You turn your backs and not support them with money and courage.


SO HOW MANY TRIED TO SPEAK FOR YOU NOW?
SO HOW MANY CAN WORK FOR YOU NOW?
SO HOW MANY PUBLICLY SPEAK FOR YOU NOW?


You let them be beaten and bankrupted because you all have no balls
NOW YOU GETTING YOUR BALLS CUT OFF FROM YOU AND YOU AND YOUR FAMILY RAPED AND FUCKED BY LEE KUAN YEW AND HIS COCKROACHES IN WHITE


Why complain now?

Your 400-500++ billions sucked and bled into LKY Temasick and GIC

And even more billions are currently sucked and bled so that LKY can use those money to bastardised and pay his kangaroo courts and running dogs to bleed even more billions from you in future

You got what you all deserved
for your lack of balls


FIND YOUR BALLS TO PUT AN END TO LKY

or open your legs to be further screwed by him