"Singaporeans ready to work for longer as 70 becomes the new 60
[SINGAPORE] Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them.
Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management University's Centre for Research on the Economics of Ageing, which works with the US-based Rand Corporation.
The findings could ease pressure on policy makers to financially support a rapidly-ageing population that's living longer. Other countries have grappled with political pressures to keep retirement ages unchanged, leaving a steady flow of people taking up benefits as they kick in.
Singapore's retirement age, however, has rapidly increased to 67 years and made residents more adaptive to working longer, according to Rand."
Hmm. I used to think that modern urbanite human being work to make money so that they can enjoy retirement at a certain age. Looks like the 'modern' lifestyle is to work till 70 or better still till you die and exhale your last breath!??
The government is supposed to garner the resources of the society it governs to 'assist' the retired who had, hopefully put in many years of good work and paying reasonable taxes, without worrying if the 'old human beings' live for too long without any income from work!
Maybe that is a silly idea. Maybe it is too idealistic. Maybe 'modern human being' must keep working to make some money so that they can continue to LIVE though NOT enjoying their lives????
Still, there is hope. Some LUCKY ones will have MORE than enough in their CPF and spare cash or passing income producing assets like 'rental properties, dividends paying stock investments, appreciating art collections/antiques, etc.' without having to work pass 62 or 65 or 70! Maybe they WILL live normally as the old 'work hard, save well, and spend well in retirement till death' way??
Whatever! I am just glad that I am not rich but have enough since my lifestyle is a simple one. Also, I have health insurance that cover major illness. And finally, if I am very sick and have no quality of life, it is better end of the road.
If the government is really concerned about having to carry the burdens of caring for the old and sickly, maybe euthanasia is a good way to legalise 'not wasting precious limited resources on UNPRODUCTIVE citizens'!!
Good luck to those who have to work past 'retirement' age.
[SINGAPORE] Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them.
Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management University's Centre for Research on the Economics of Ageing, which works with the US-based Rand Corporation.
The findings could ease pressure on policy makers to financially support a rapidly-ageing population that's living longer. Other countries have grappled with political pressures to keep retirement ages unchanged, leaving a steady flow of people taking up benefits as they kick in.
Singapore's retirement age, however, has rapidly increased to 67 years and made residents more adaptive to working longer, according to Rand."
Hmm. I used to think that modern urbanite human being work to make money so that they can enjoy retirement at a certain age. Looks like the 'modern' lifestyle is to work till 70 or better still till you die and exhale your last breath!??
The government is supposed to garner the resources of the society it governs to 'assist' the retired who had, hopefully put in many years of good work and paying reasonable taxes, without worrying if the 'old human beings' live for too long without any income from work!
Maybe that is a silly idea. Maybe it is too idealistic. Maybe 'modern human being' must keep working to make some money so that they can continue to LIVE though NOT enjoying their lives????
Still, there is hope. Some LUCKY ones will have MORE than enough in their CPF and spare cash or passing income producing assets like 'rental properties, dividends paying stock investments, appreciating art collections/antiques, etc.' without having to work pass 62 or 65 or 70! Maybe they WILL live normally as the old 'work hard, save well, and spend well in retirement till death' way??
Whatever! I am just glad that I am not rich but have enough since my lifestyle is a simple one. Also, I have health insurance that cover major illness. And finally, if I am very sick and have no quality of life, it is better end of the road.
If the government is really concerned about having to carry the burdens of caring for the old and sickly, maybe euthanasia is a good way to legalise 'not wasting precious limited resources on UNPRODUCTIVE citizens'!!
Good luck to those who have to work past 'retirement' age.
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