The idea of living to one hundred once appeared only in science fiction. However, times have changed; for the wealthy in Hong Kong, a centenarian lifespan is no longer out of reach, as many expect to live to the age of 100.
Wealthy individuals in Hong Kong are concerned about the impact that living to 100 will have on their spending, investment, and legacy planning. This is according to the latest UBS Investor Watch survey results.
The UBS Investor Watch report is the world's largest research study of high-net-worth investors (those with at least $1 million in investable assets). Over 5,000 investors from Hong Kong, Taiwan, Singapore, Germany, Italy, Mexico, Switzerland, the United States, the United Kingdom, and the United Arab Emirates shared their thoughts with us.
The survey yielded some interesting findings:
The majority of investors in Hong Kong believe they will live to 100, but this has brought about financial concerns.
They believe that work has a positive impact on their health, but they are gradually improving their work-life balance to ensure they achieve an ideal state of well-being.
Increased longevity is changing legacy planning—they hope to make more charitable donations while still alive, and many are even considering skipping a generation in their estate planning.
Despite personal concerns, wealthy individuals in Hong Kong remain active in their investments and continue to create a positive impact on society.
