The statistic shows the most life events that act as barriers and hinder retirement saving worldwide as of 2013. It was found that 36 percent of the survey respodents stated that buying a home or paying a mortgage was the biggest barrier to saving for retirement.
Life events that act as barriers and hinder retirement saving worldwide as of 2013
Characteristic
Share of respondents
Buying a home/paying a mortgage
36%
Becoming unemployed
26%
The recession/current economic downturn
26%
Paying for children's education
24%
Getting into debt/severe financial difficutly
22%
Illness or accident preventing me/my spouse working
The research surveyed 16,000 people in 15 countries: Australia, Brazil, Canada, China, Egypt, France, Hong Kong, India, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States. The findings are based on a representative online sample, covering people of working age (25 and over) and those in retirement.
Not all respondents were of retiring ages.
The source contains no information as to how the survey was carried out.
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HSBC. (January 6, 2013). Life events that act as barriers and hinder retirement saving worldwide as of 2013 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/276563/life-events-that-hinder-retirement-saving/
HSBC. "Life events that act as barriers and hinder retirement saving worldwide as of 2013." Chart. January 6, 2013. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/276563/life-events-that-hinder-retirement-saving/
HSBC. (2013). Life events that act as barriers and hinder retirement saving worldwide as of 2013. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/276563/life-events-that-hinder-retirement-saving/
HSBC. "Life Events That Act as Barriers and Hinder Retirement Saving Worldwide as of 2013." Statista, Statista Inc., 6 Jan 2013, https://www-statista-com.ezproxy.canberra.edu.au/statistics/276563/life-events-that-hinder-retirement-saving/
HSBC, Life events that act as barriers and hinder retirement saving worldwide as of 2013 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/276563/life-events-that-hinder-retirement-saving/ (last visited November 13, 2024)
Life events that act as barriers and hinder retirement saving worldwide as of 2013 [Graph], HSBC, January 6, 2013. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/276563/life-events-that-hinder-retirement-saving/
