2024 Global Retail Investor Outlook 2025

Perceived financial well-being varies across geographies, with higher confidence levels encountered in emerging economies I’m able to meet my daily financial needs I'm worried about outliving my savings I could handle a major unexpected expense I struggle to meet my debts and liabilitiesDeveloping countries show greater confidence towards meeting daily needs, while Japan has lowest perceived financial confidence, potentially linked to recent inflation and real wages struggling to keep up.39Concerns about outliving savings stem from low savings rates (e.g. 14% in South Africa) or increased future planning awareness, as seen in Singapore, where 62% of Millennials save for retirement.40,41 Ability to handle a major unexpected expense is a key indicator of an individual's financial resilience. Rising debt in emerging middle-class households makes liability management crucial, especially in India, where many young people face unsustainable commitments.Developed countries Emerging economies India China Singapore UK Brazil Germany Australia US Ireland Japan France United Arab EmiratesSouth Africa95% 94% 93% 92% 91% 89% 89% 86% 85% 85%78% 73% 67% Singapore South AfricaUnited Arab EmiratesChina Germany India Australia US Brazil Japan Ireland UK France56% 53% 48% 47% 45% 45% 44% 44% 43% 42% 39% 38%23% France China India United Arab EmiratesUK Singapore Germany Australia US Ireland Japan Brazil South Africa89% 86% 81%73% 72% 71% 71% 70% 68% 62% 62% 57% 55% India United Arab EmiratesSouth AfricaUS Singapore Ireland Australia Brazil China UK Germany France Japan48% 51%40% 38% 36% 35% 34% 31% 24% 22% 21% 19% 15% 2024 Global Retail Investor Outlook 38