Singaporeans are living longer – but are they ready for old age?
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Extra useful info not in article:
-1 in 4 Singaporeans will be above 65yo by 2030 (up from 1 in 8 now); that means 900,000 old people above 65yo!
Note some useful stats in article:
-Singapore's life expectancy at birth has risen from 59 to 80 years in males, and 63 to 85 years in females from 1960 to 2015. It is conceivable that we will see life expectancies of 90 years and beyond in the near future.
Pros of longer life (from article):
-contributors to well-being: healthy living, social engagement and financial security.
-A society with a population that lives longer can draw relevant lessons from a greater and accrued pool of rich life experiences and deep perspectives.
Cons of longer life (from article):
-Yet rising life expectancy, accompanied by a falling fertility rate and an ageing population, brings its own set of challenges: the prospect of more seniors at post-retirement age, possibly outliving their financial resources; a shrinking old-age support ratio; the unknown impact on the quality of life of seniors; heavier caregiver burden; the inexorable growing healthcare expenditure, and the higher possibility of inter-generational conflict.
Extra useful info not in article:
-1 in 4 Singaporeans will be above 65yo by 2030 (up from 1 in 8 now); that means 900,000 old people above 65yo!
Note some useful stats in article:
-Singapore's life expectancy at birth has risen from 59 to 80 years in males, and 63 to 85 years in females from 1960 to 2015. It is conceivable that we will see life expectancies of 90 years and beyond in the near future.
Pros of longer life (from article):
-contributors to well-being: healthy living, social engagement and financial security.
-A society with a population that lives longer can draw relevant lessons from a greater and accrued pool of rich life experiences and deep perspectives.
Cons of longer life (from article):
-Yet rising life expectancy, accompanied by a falling fertility rate and an ageing population, brings its own set of challenges: the prospect of more seniors at post-retirement age, possibly outliving their financial resources; a shrinking old-age support ratio; the unknown impact on the quality of life of seniors; heavier caregiver burden; the inexorable growing healthcare expenditure, and the higher possibility of inter-generational conflict.
Qn: Longer life expectancy creates more problems than benefits. Discuss. (Cam. 2016)
posted by Dark Shadow | 7:34 PM
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