Singapore sees the best rapidly ageing citizenry in Asia alongside South Korea and Taiwan.
This blueprint from Allianz Global Wealth Address shows that old age annex arrangement is accepted to be acceleration alike added in the aing decades.
“Along with South Korea and Taiwan, Singapore is one of the best rapidly ageing countries in Asia,” the address noted.
In 2018, the Lion City’s old age annex arrangement was recorded at 19%. According to the study, it may ability up to 36.3% by 2030 and 60.6% by 2050.Singapore, calm with South Korea, and Taiwan may see its old-age annex arrangement access from their accepted levels from 20% to over 60% by the average of the century, the address said.
Old-age annex arrangement refers to the arrangement of bodies of retirement age to the working-age population.
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