Warwick ASEAN Conference

Singapore’s ‘Silver Tsunami’

Singapore’s ‘Silver Tsunami’ – City-state depends on its elderly workforce

  • With a growing aging population (By 2030, one in five people in Singapore will be over 60), the elderly is encouraged to exchange retirement for arduous jobs that often pay badly
  • In 2012, Singapore introduced the policy of “re-employment” to encourage citizens to continue working beyond the official retirement age of 62
  • Country has also tightened its foreign worker intake to allow more residents to get jobs
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