In the recent National Day rally 2019, it was mentioned that Singaporean's life expectancy at birth is now the longest in the world, at nearly 85 years old, longer than that of Japan.

We are going to be growing old faster than any society in the world.” Source from gov.sg.

Look at the figures below, 900,000 people above age65 in year2030! Even with immigration, the population pyramid will be inverted.

That has to be like 15% of population or 1 in 6 people!

Wait, let's talk about today's expenses for an elderly first!

There's this survey that a Singaporean senior citizen aged 65 and above and living alone needs about $1,379 a month to meet basic standards of living. (Source from CNA)

Personal care items as well as leisure and cultural activities were included and agreed on in addition to household budgets from the participants. So don't doubt the figures.

The monthly payouts from one’s Central

...