Sun Life Financial released a survey titled 'Planning Retirement Life: Facing the Future with Ease', revealing that retired individuals in Hong Kong are facing challenges of inflation. 28% of retirees admit to not planning for retirement expenses, with 11% feeling unprepared due to higher-than-expected spending. As inflation continues to rise, expenditures appear to be increasing rather than decreasing.

For such retirees, the main reasons for higher-than-expected spending are overall living expenses (57%) and medical costs (43%). 8% of retirees regret their past financial decisions, with the biggest regret being lack of smart investments (80%), followed by insufficient savings (60%), and failure to allocate funds for medical expenses (60%).

Pan Ji Hong, General Manager of Wealth and Retirement Business at Sun Life Financial Hong Kong, stated that the aging population issue is becoming increasingly severe. In a high-cost city like Hong Kong, inflation adds significant financial pressure on retirees. Therefore, retirement savings should be divided into short, medium, and long-term to flexibly address different retirement needs at various stages.