I was reading the Aug 10 to Aug 16, 2020 issue of The Edge Singapore recently, when I came across this article titled “Fullerton’s Chan worries for your retirement as Singapore’s population ages”. The article is basically an interview with veteran fund manager, Vincent Chan. Chan is the head of multi asset at Fullerton Fund management. In the article, he urged young singles when choosing a life partner to avoid those who are single child. That is because the financial burden of supporting elderly parents and rearing children will fall disproportionately more on the shoulders of those belonging to this particular demographic. He mentioned that Singapore’s fast double digit growth is a distant memory, and young people are getting yearly salary increment that barely beat inflation. While at the same time, medical costs are rising at around 10% every year. I find his views rather strange. As if...