For one in three Singaporeans, it comes with a $1 million-plus tag, as a recent survey by insurer Aviva has shown.
But only 78 per cent have actually started saving and planning for the house, holiday home or car they have always wanted.
Besides, only three in five are confident of realising their dreams, citing the high cost of living and the economic climate as main obstacles.
Other findings of the survey conducted on 102 Singaporeans last month also found that four out of five are worried about their current financial situation. Not having sufficient retirement funds is causing 61 per cent to fret.
And seven out of 10 of those surveyed said they are holding back from making important financial decisions due to the economic uncertainty.
The purpose of the survey was “to try and reach consumers in an innovative way, getting them thinking about how they can plan for their future and how much their future will cost,” said Mr Shaun Meadows, CEO of Aviva in Singapore, Hong Kong and the Middle East.
Against this backdrop, the company has launched the Futurator to help Singaporeans visualise their futures and to encourage them to take the first step in financial planning.
Using the latest projection and touchscreen technology, the Futurator is a 84-inch touch screen with an array of “dream” options - you pick the kind of house, car or even the pets you aspire to own.
Click on these choices and the Futurator will calculate how much funds you need and help you plan for these goals better - on a 16-by-7 metre screen.
The Futurator is on display at VivoCity till Wednesday.
Taken from www.todayonline.com.
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