Every now and then, the mass media will run article and stories about preparing for retirement. This comes no great surprise, since Singapore is one of the fastest ageing countries in the world, with a quarter of the residents expected to be above the age of 65 by 2030. The most recent run of stories focuses on working and keeping busy post retirement age, and in fact, retiring the idea of retirement (see “Let’s Retire The Word Retirement” and “Redefining Retirement: 7 Considerations”). Interestingly enough, both articles cite a study on ageing done by the Centre of Ageing Research & Education at the Duke-NUS Medical School. This study, completed over 2016-17, was carried out by profiling more than 4,500 elderly Singaporeans, aged 60 and above across a wide range of dimensions. The complete report can be found here, and the follow-up research in 2019 here.
The key conclusion that the newspaper stories draw from this voluminous study is that we should...