Aging Population In Singapore Case Study

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Ageing population has become one of the biggest social issues in Singapore in this current generation. A prominent contributing factor is Singapore’s high cost of living, which already makes it hard for locals to keep up financially. This In turn causes married couples to have lesser children as it is too costly to upkeep. Firstly, ageing population refers to a country with an increasing median age and its population having a declining fertility rate and life expectancy. The negative impact of this is that it will put a strain on the country itself as more counter measures have to be taken to aid the needs of these elderlies. Due to Singapore’s low birth rates, the government is having troubles replacing the older age people with younger ones. …show more content…

Instead of a simple mindset of just having a stable family, the younger generations are pursuing their education followed by careers, placing them as their main priority in life. The mindset of getting married is no longer an essential, let alone, bearing children. These young people are striving for higher positions with better incomes, starting a family would only hinder their goals and empty their wallets in such a country as Singapore with high standards of living. Overall, this makes it extremely hard for the government to counter the problem of the aging population through the means of increase …show more content…

As Singapore’s current replacement in fertility rate is 1.24, the chances of increasing the population growth to a consistent number is slim. Therefore, the only option to keep up with the growing workforce is to accept a larger pool of migrants which Singaporeans have to adapt to. Overall increasing the productivity rate of the country, which helps to bring in more revenue. But the setbacks are that the government may be viewed as not being for its people, but instead, only for the interest of foreign talents entering the country. Overall, it was mostly successful towards benefiting Singapore’s man power and productivity as a whole, as well as, increasing the

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