A 'silver tsunami' looms. What can Singapore do about it?

 Click HERE

If can't access above link, click HERE

Census 2020 showed that residents aged 65 years and above formed 15.2 per cent of the resident population last year

By 2030, about one in four people here will be aged over 65.

in the span of 10 years, Singapore has gone from being classified as an ageing society (defined by the United Nations as one in which more than 7 per cent of the population is aged 65 and over) to an aged society (above 14 per cent).

The current statutory retirement age of 62 will be raised to 63 from July 1 next year. The re-employment age will go up from 67 to 68 as well. By 2030, the retirement age will be raised to 65 and the re-employment age to 70.

older workers are currently over-represented in professions such as craftsmen, plant and machine operators, cleaners and labourers. This is due to their lower education levels compared with younger workers, he adds. "It would be a mistake to think the issues of the elderly in a few years' time will look exactly the same as that we are concerned with today, when we worry about why there are elderly cleaners or cardboard collectors

the problem facing the elderly today is largely basic financial adequacy, which can be addressed by significantly increasing financial and social support beyond existing measures like the Silver Support scheme. But the problems of tomorrow will likely be much more expensive to solve, because ageing PMETs will not be satisfied with a basic standard of living, or with low-wage retirement jobs, or with current standards of long-term care,

Qn: Nowadays, people live longer than ever before. What problems does this present and how can these 

problems be dealt with? (Cam. 'O' lvl 2007)