Health planning amongst top financial goals of 3 in 10 Hongkongers

More than half use cash savings to accomplish such goal.

More than a third of Hong Kong residents (37%) said saving for healthcare or medical needs is one of their top three financial goals and are working towards it to support themselves in retirement.

Data from a Manulife survey showed more than half (56%), use cash savings to save for healthcare, whilst 33% have health and critical illness insurance.

READ MORE: Only 35% of Singaporeans have retirement plans

A fifth of Hong Kong residents relied on savings and endowment insurance to cover healthcare costs, whilst a quarter said they depend on their Mandatory Provident Fund to support their medical needs.

Alongside financial planning, more than nine in ten Hong Kong residents are taking action to help address their health issues like exercising more (54%), having a better diet (47%), regular body checks (40%), and closer self-monitoring of their health (35%).