The majority of Singaporeans between the ages of 30 and 75 are concerned about ageing, according to a research study led by the Lien Foundation and NTUC Income.
The study “Supporting Singaporeans’ Aspirations in Aged Care” had surveyed 998 respondents, and found that 82% of them were concerned about ageing in Singapore. All of the respondents held aspirations of having good health, being financially prepared and having a sense of purpose as they age.
One of the biggest concerns includes the inability to care for oneself or perform activities of daily living, which was most prevalent among seniors aged between 60 and 75 years old. These seniors were also most concerned about becoming “a burden” to their families.
Another major concern was financial preparedness coupled with a fear of “running out of savings” and the inability to afford healthcare and medical expenses, which was more widespread among younger respondents aged ......