Medium-term financial confidence dropped to 48% from 73% a year earlier. More than half of affluent Gen Z investors in Singapore prefer investment exposure outside the local market, amidst a sharp decline in expectations of meeting their medium-term financial goals, according to an HSBC survey. Meanwhile, 55% preferred overseas exposure, compared with 49% of affluent Gen Z investors globally. The findings echo a 2025 Prudential report, which found that 72% of Gen Z respondents had no retirement plan. Short-term confidence rose to 78% from 71%, whilst medium-term confidence grew to 63% from 61%, and long-term confidence edged up to 65% from 64%.