On 23 August, the Straits Times ran a story titled, “Not-so-golden years for the elderly in Singapore”. It highlighted how, according to the Active Ageing Index, our elderly are not doing well in three areas: health, financial security and community engagement.
This index was compiled by the Institute of Policy Studies (IPS) as part of a report titled, “The State of the Elderly in Singapore 2008/2009”, which was commissioned by the Ministry of Community Development, Youth and Sports (MCYS). It can be downloaded from the MCYS website.
While health and, to a lesser extent, community engagement are important, the area I’m most concerned about for our elderly is financial security. This is also the area in which a change government policy can make a big difference in the lives of our senior citizens.