A golden opportunity in a silver Singapore

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Take elderly nutrition. There are now 

pureed mooncakes for individuals with swallowing problems

. It won’t be long before F&B establishments start to offer more elderly-friendly food choices and menus, the way they have kids menus today.

Businesses know that Singapore’s senior citizens have relatively high spending power on account of our Central Provident Fund system.

This is what makes the silver economy – broadly covering all economic activities of seniors – so lucrative. Business consultancy Ageing Asia had projected that Singapore’s silver economy would be worth $97.8 billion by 2025.

It would be wrong to assume that seniors can contribute to the economy only by spending. They can add to the supply as well as the demand.

More mixed-use developments are popping up, such as the St Luke’s ElderCare Active Ageing Centre, which is located next to Northshore Plaza....the St Joseph’s Home and St John’s-St Margaret’s Village place nursing homes and childcare centres or pre-schools close to each other and have programmes to get the young and the aged to interact...improve the health and well-being of the young as well as the aged, reduce social isolation and create cost efficiencies. These interactions can also create a more bonded society...

For issues on the elderly.....