Guess what's the top financial priority of Asian investors
Are they confident to achieve targets?
According to Manulife Financial's surbey, investors in Asia, Canada and the U.S. were asked about their top financial priorities, whether or not they are on track with their financial goals, and whether or not they expect their personal financial position to improve over the next two years.
Top financial priority. Saving for retirement ranked as the top financial priority for investors in Asia (21 percent) and Canada (22 percent). In the U.S., this was the second top financial priority (23 percent), following maintaining one’s current lifestyle (30 percent).
Reaching financial goals. At least half of investors in all three regions said they are on track to achieve their financial goals (Asia 50 percent, Canada 61 percent, U.S. 60 percent). In Asia, investors in Malaysia (62 percent) and China (64 percent) were the most on track. Similar proportions of investors across all three regions reported being ahead of plan (Asia eight percent, Canada 12 percent, U.S. ten percent).
Present and future financial position. While 46 percent of Asia investors believe they are in a better financial position today than they were two years ago, higher numbers of Canadians (56 percent) and Americans (53 percent) share that sentiment.
Looking two years ahead, 57 percent of Asian investors, 61 percent of Canadians, and 49 percent of Americans think they will be in an improved financial position.