Silver, the new gold: Longer lives offer opportunities to tap, instead of problems to solve

Seniors increasingly make up a larger share of the population, and countries, including Singapore, are making adjustments for an ageing society. But longer lives provide opportunities to be tapped rather than problems to be solved.

As the number of people aged 65 years and older increases, the fear is a falling old-age support ratio - the number of working population, aged 20-64 years, supporting people aged 65 years and above. ST PHOTO: KELVIN CHNG
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"This includes addressing ageist attitudes and encouraging companies to be more flexible in hiring and managing older workers."

Today, Japan leads the world in having the biggest proportion of elderly people, with 27 per cent of its population over the age of 65 years. Most of the other nations with old populations are in Europe.

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A version of this article appeared in the print edition of The Sunday Times on September 01, 2019, with the headline Silver, the new gold: Longer lives offer opportunities to tap, instead of problems to solve. Subscribe