The majority of the well-to-do people around the world expect to live to the age of 100, although a large number of them worry about rising healthcare costs, according to a survey of 5,000 people from 10 countries with more than $1 million in assets.
The countries involved in the polling by UBS Investor Watch, which monitors the wealthy investors, include: The United States, the United Kingdom, Germany, Hong Kong, Italy, Mexico, Singapore, Switzerland, Taiwan, and the United Arab Emirates.
The survey found:
- More than half of wealthy investors expect to live 100 years.
- Two in three planning to work longer in life to afford a comfortable retirement.
- Some 69 percent say healthcare costs are their biggest concern.
- 71 percent would rather live a year longer even if it means passing on significantly less wealth.
- 56 percent want to keep living if they are mentally capable, even if their physical health declines.
- 77percent believe health is more important than growing wealth.
- Globally, nine out of 10 are adjusting spending habits and making long-term investments to finance their longevity.
- But around one-in-four respondents in the U.S. and Britain said they are not making any such financial changes, highlighting a shortfall in retirement planning.
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