Big Read

High inflation and economic uncertainty: How Singapore Boomers and Zoomers cope

High inflation and recession. News of their impending arrival dot the landscape of print, broadcast and online platforms non-stop and practically every day. According to the World Bank, global growth is expected to slump from 5.7 per cent in 2021 to 2.9 per cent in 2022. It will also hover around that pace over the…

28 Oct 2022 5 mins read

Poor worst hit by inflation, middle class not spared as well

Inflation is wreaking vengeance on the poor and low income, eroding the value of real wage and savings, and leaving them poorer. Even Prime Minister Lee Hsien Loong warned of challenges in the cost of living and that a global recession could occur within the next two years. Methodist Welfare Services (MWS) says it has…

28 Oct 2022 4 mins read

Working the savings harder in a time of high inflation

As inflation spirals and life costs a lot more than it did two years ago, it is time to make whatever money you have in the bank work as hard as possible, if not harder. A common back-of-the-envelope calculation used by financial planners and experienced investors is “The Rule of 72” – which estimates the…

28 Oct 2022 4 mins read

Recession and inflation: Why the economy will worsen before conditions improve

Recession plus inflation. These are the ingredients for a perfect storm and Singapore needs to be prepared for a prolonged period of pain in the months ahead. While jobs remain plentiful in the country despite slowing economic growth, the situation may not last. Weakness in the US, Europe and China curbs demand for electronics components…

27 Oct 2022 4 mins read

Big Read Unwrapped: The deal about ageing in place. Are we already there?

What is the deal with ageing in Singapore? With one in four Singaporeans aged 65 or older by 2030, there is the need to chart the way forward to grow old more confidently and gracefully. Yet, Singapore still talks about the growing longer life expectancy, without realising that health expectancy has a 10-year debt behind…

27 Oct 2022 3 mins read

Ageing in place: Not everyone’s cup of tea, but a necessary pill to swallow

For seniors to be able to age in place comfortably, the key is an inclusive neighbourhood. Yet, just 10 years ago Singaporeans were fighting against this. They were adamant in not having a nursing home, a rehabilitation centre, an eldercare centre and even studio apartments for the elderly in their backyard. In February 2012, residents…

29 Sep 2022 4 mins read

Housing the elderly in the community: The options to help them age in place

To help Singapore’s elderly population age in place, the Government is looking into various alternatives to provide adequate, affordable and comprehensive care for this rapidly rising demographic. Home is where the heart is According to the findings of the latest Sample Household Survey of 2018, more elderly residents of Housing Development Board (HDB) flats hope…

29 Sep 2022 5 mins read

Ageing in place: Are our elderly financially secure enough to do so?

Are Singapore’s elderly ageing in place comfortably as the silver tsunami hits and elderly healthcare costs rise nearly tenfold by around 2030? According to a 2016 report by Marsh & McLennan Companies’ (MMC) new Asia Pacific Risk Center, assuming that current medical cost inflation remains constant, Singapore is projected to spend an average of US$37,427…

29 Sep 2022 5 mins read

Ageing in Place: Getting the fundamentals of healthcare in place in Singapore

The Singapore tenet of ageing in place often means seniors are encouraged to age in their homes or the communities they live in, with aged care delivery system emphasising home and community based care. This is nested within an overarching Action Plan for Successful Ageing and a policy shift toward a population health approach. This…

29 Sep 2022 6 mins read

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High inflation and economic uncertainty: How Singapore Boomers and Zoomers cope

Poor worst hit by inflation, middle class not spared as well

Working the savings harder in a time of high inflation

Recession and inflation: Why the economy will worsen before conditions improve

Big Read Unwrapped: The deal about ageing in place. Are we already there?

Ageing in place: Not everyone’s cup of tea, but a necessary pill to swallow

Housing the elderly in the community: The options to help them age in place

Ageing in place: Are our elderly financially secure enough to do so?

Ageing in Place: Getting the fundamentals of healthcare in place in Singapore

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