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In the Philippines, the typical retirement age is set at 65. However, a growing segment of the youth aspires to retire much earlier—often before age 50. According to a recent money mindset survey, about two-thirds of young Filipinos envision retiring before midlife, the highest percentage among Asian countries surveyed.
What motivates this surge? Many believe they require less than 8 million pesos in savings to achieve financial freedom. Collectively, Filipinos already save around 23% of their income, indicating a burgeoning awareness and commitment to financial independence.