Future cohorts of seniors will have more resources to retire on

Improvements in education, incomes will make this possible despite the ageing population and smaller family sizes: Govt

About four in five of the elderly relied on adult children as their income source as of 2011, a dependence that may be increasingly unsustainable given demographic trends. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

A major source of financial support for retiring Singaporeans - their family members - is coming under strain, due to the ageing population and smaller family sizes, says the Government.

That notwithstanding, future cohorts of seniors will still have more resources to retire on due to improvements in education and incomes over the years.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.

A version of this article appeared in the print edition of The Straits Times on July 08, 2019, with the headline Future cohorts of seniors will have more resources to retire on. Subscribe