By Andrew Ong
Much attention has been on Singapore‘s greying population and it will likely remain a perennial national challenge for many years to come.
According to the United Nations, population ageing will be most significant in Asia. By year 2050, 1.2 billion people in Asia will be 60 years and above – four times the number today.
With our higher life expectancy, Singapore counts as one of the fastest ageing countries in the world. Today, one in 12 Singaporeans are 65 and above.
By the year 2030, that will increase to one in five.