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it's so sad that from where i live (SEA), 3 times average gdp per capita is no where enough for retirement. insurance and healthcare system is a joke. so whene
by shRaj9fEc8Vith 8y ago
it's so sad that from where i live (SEA), 3 times average gdp per capita is no where enough for retirement.
insurance and healthcare system is a joke. so whenever you got health issue, be prepare to spend butt-load of money.
i have no idea how gdp per capita is so low yet people have so much of money (unreported income, corruption probably)
I make about 25 times the national gdp per capita yet i'm just above average in my country.
- tudorconstantin 8y agoI had 3 times the average national net salary, not GDP, which I guess should be even more. But that income wouldn't have allowed me to retire either. It would allow us (me, my wife and a child) to live a comfortable life though. As a back of the envelope calculation, if you can live with 30% from the income, one should be able to retire in about 7 years.
- shRaj9fEc8Vith 8y agoah i see.
- momozaur 8y agoWhat is the formula to compute the 30%, how did you compute it? After you retired, how much (%) of your salary will you be able to spend monthly?
- ur-whale 8y ago>it's so sad that from where i live (SEA), Well then. Move to Romania. Problem solved.
- tasuki 8y agoMoving from EU to SEA is easy. Moving from SEA to EU is significantly more difficult. I'm privileged to be a EU citizen, but not everyone is. Also see: https://www.passportindex.org/byRank.php https://www.passportindex.org/byRank.php