What Is The Regional Outlook In The Retirement Market?
January 31, 2023 ⚊ 1 Min read ⚊ Views 82 ⚊ TECHNOLOGYIn 2020, the financial markets in Asia-Pacific had a rapid post-Q2 recovery benefitting all investors, including retirees and those planning to retire during the new decade. Asia-Pacific’s retirees are less adventurous when it comes to investing, with the largest proportion of their wealth held in savings accounts. Going forward, the region is expected to continue its coronavirus recovery ahead of the rest of the world. Europe was devastated by the COVID-19 pandemic in 2020. However, due to European retiree investors’ risk-averse nature, the impact was less immediate. The retiree wealth market in North America is forecast to see the most growth of any region in 2021.
Tags: retirement market