Chinese retirees among happiest

Chinese respondents were one of the most content and happy groups among all 16 countries surveyed in a new poll asking 11,590 people about their financial planning, quality of life and views on retirement. The AXA Retirement Scope Report said Chinese people are among the most willing to spend time with the family and relatives after retirement, and believe they can have a healthy income in their old age, state media reported. Eight out of 10 people surveyed in China were happy or very happy about factors linked to income and health and the country's economic growth. The Chinese people are saving a significant amount of their income – US$80 per month on average – for their retired lives in a welcome change in trend. The savings may be lower than those in some of the other economies surveyed, but they are up to 60% of the personal monthly income of US$124 of the retirees.