Singaporeans in their golden years

$1,379 a month for retirement in S'pore: Too much or too little?

Recent study's suggestion that at least $1,379 a month is needed by seniors raises questions

Mr Chow Yit Keong, 66, outside his one-room rental flat. The retired odd-job worker gets by on about $500 a month. A study out last month suggests that he may need more money if he wants to be able to thrive in his golden years, rather than just surv
Mr Chow Yit Keong, 66, outside his one-room rental flat. The retired odd-job worker gets by on about $500 a month. A study out last month suggests that he may need more money if he wants to be able to thrive in his golden years, rather than just survive. ST PHOTO: LIM YAOHUI
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Surviving your golden years on a pittance is one thing but being able to thrive and have an enjoyable retirement is a far bigger challenge, as former odd-job labourer Chow Yit Keong knows all too well.

Mr Chow, 66, began experiencing heart problems two years ago that made it hard for him to lift and carry heavy objects, forcing him to quit his job.

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A version of this article appeared in the print edition of The Sunday Times on June 02, 2019, with the headline $1,379 a month for retirement in S'pore: Too much or too little?. Subscribe