HSBC highlights trends shaping longevity economy, reveals factors driving wealth creation
The conference, themed 'Unpacking Trends, Unlocking Opportunities', focused on three critical areas: the opportunities and challenges of extended lifespans, the transformative potential of artificial intelligence (AI), and the shifts seen in consumer behaviour, with panel discussions led by experts in their respective fields.
Sami Abouzahr, head of wealth and premier solutions, Hong Kong, HSBC.
Rethinking retirement
Hong Kong boasts one of the highest life expectancies in the world, at 86 years. As such, individuals are redefining retirement as the next chapter in their lives. However, recent challenges including the pandemic, market volatility and inflation have heightened concerns about financial security in old age.
A recent HSBC survey reveals just 39 per cent of respondents feel prepared for retirement, highlighting the need for a fresh approach to financial planning.
The event's opening panel discussion, 'The New Longevity Playbook', addressed these issues directly.
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