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Reasons for Ageing Population1) Post-war baby boom: these Singaporeans will be 65 and above by 2030
2) Declining birth rates: • Proportion of young people is
shrinking, while proportion of senior citizens is increasing
3) Singaporeans are living longer than before with improved health and nutrition
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How will an ageing population affect Singapore?
Demand for more healthcare and social services
Smaller security forces
Reduction in competitiveness
Strain on working population
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Impact• More prone to age-related
illnesses need more healthcare
services
• Fewer children to depend on • (to take care of needs and
expenses)
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ImpactDemand for more healthcare and social services
• More money spent on building elderly-friendly facilities
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Impact• Increase in demand for community-
based services (day care, nursing, befriender service)
• Demand for trained welfare staff
More resources spent on meeting these needs, less funds for development of the nation
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Impact• Fewer babies results in fewer
men to serve in the army
• This weakens the strength of our defense and makes us more vulnerable
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• Senior citizens as assets• “Many Helping Hands” approach
Strain on working population
Impact
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Increase taxation will increase the financial burden of the working people
Some choose to migrate Reduce the size of Singapore’s
workforce
Reduction in competitiveness
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Reasons for ageing population- Post-war baby boom- Declining birth rate- Longer lifespans
Impact of ageing population:- Strain on working population- Reduction in competitiveness- Increased demand for healthcare & social services- Smaller security forces
Senior citizens as assets“Many Helping Hands” approach
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What are the measures taken by the government?Senior citizens as assets to the society“Many Helping Hands” approach
Individual responsibilityFamily supportCommunity helpGovernment support
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Senior Citizens as Assets to the SocietyEnsure they remain contributing members of the society
• Have valuable skills, knowledge, talent and working experience
• Add value to public and private organizations
• Boost family life
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Many Helping Hands Approach
• Everyone has a part to play in helping the nation prepare for an ageing population
• Shared responsibility government’s burden is eased
• Resources saved can be used to meet other needs
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Many Helping Hands Approach: Individual Responsibility
Healthy lifestyle• Watching diet• Exercise regularly
Financial planning
• Plan early and be financially prepared (retirement planning)
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Many Helping Hands Approach: Family support
• Promote strong and stable families
• Provide emotional and financial support
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Family support • Senior Citizens’ Week• Encourages elderly to stay active in
family and community• Promotes positive attitude towards
ageing and aged
• Grandparents’ Day• Bring families together to show
appreciation for elderly
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Many Helping Hands Approach: Community help
• Provide social and emotional support• Provide healthcare and social services• Encourage them to remain physically,
mentally and socially active
• Government provides subsidies to VWO to run community-based services • Free health checks• Recreational activities
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Many Helping Hands Approach: Community help
The Home Nursing Foundation for Elders involves members of the community (students, housewives, retirees etc)
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Many Helping Hands Approach: Government support
Tribunal for the Maintenance of Parents
• Parents can get the court’s help to seek financial support from children who are capable, but not supporting them
• Parents must be incapable of supporting themselves, and over 60 years old
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Tax Relief
• Taking care of elderly parents, grandparents
• Contributing to these dependents’ CPF retirement schemes
• Grandparents taking care of grandchildren while parents work
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Central Provident Fund
• Special account: Retirement, emergency & investment
• Medisave Account: medical expenses
Retirement Account (at age 55)55 yrs: can withdraw savings62 yrs: receive monthly sum from retirement account
They will then have enough money for medical and daily expenses & be self-reliant
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Public Housing Schemes
• First-time buyers of government flats can get housing grant if they buy a flat in the area where their parents live
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Tribunal for the Maintenance of
ParentsTax relief
Central Provident Fund(CPF)
Public Housing Schemes
Many Helping Hands Approach: Government support
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Ageing Population