Expert View

Never too old to contribute

Welcome to the new age - of 'productive ageing'. Instead of seeing Asia's rapidly ageing population as a liability, consider it an asset for society.

Asia's population structure is following in the footsteps of other advanced economies. Like them, it is ageing - but at a much faster rate. The region's elderly population is projected to reach 923 million by the end of this century.

A greying population increases the weight on society's shoulders: 100 Singaporeans will support 35 older adults by 2030, up from 11 older adults in 2007. For China, the burden is even greater. By 2050, 100 working citizens will be supporting 44 who are retired.

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A version of this article appeared in the print edition of The Straits Times on November 30, 2018, with the headline 'Never too old to contribute'. Print Edition | Subscribe