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HALO

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An aging population led to a reduction in competitiveness by Singapore.For example,multi-national companies is Singapore would need talented people of all ages.With an aging population,this would mean that there will be lesser young workers to fill the positions in MNCs.The MNCs will decide to leave Singapore as there are not enough people to run the company in Singapore.Singaporeans employed by MNCs would lose their jobs and their income.They and their families' standard of living will drop and they will suffer.Furthermore,Singapore's economy will be affected by the sudden decrease of workers.Hence a reduction in competitiveness by Singapore is an impact.

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Here we have an example with the younger helping the Ageing population

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Here we have an example with the younger helping the Ageing population

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Singapore has had different challenges from the ageing population. While much has been achieved over the last five years since the publication of the 1999 IMC report, there is many more to be done before the baby boom generation reaches 65. The Government must also take an integrated approach and encourage greater co-ordination and collaboration between agencies. It is also easier if the community respond with the same level of commitment like taking ownership of the issue of ageing. Having A positive and mature attitude towards seniors and ageing, will be necessary for ageing policies to be successful :)

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Successful ageing from healthcare policies

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Successful ageing from healthcare policies

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Some Of Them are Like

Employment and Employability

Holistic and Affordable Healthcare and Eldercare

Financial Security: Lifelong Financial Planning

Elder-Friendly Housing, Transport and Land Use

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This Shows the Ageing population and the citizens that are younger than 20-64. This Source shows that as the ageing population incease, the population of younger citizens will be lesser. This could lead to not having enough younger people to help take care of the ageing population

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Just a while back in 2005, the figure was only 8.8 per cent.
As a result, the median age of the citizen population has went up to 40.7 years in 2015, from 40.4 years in 2014, 38.6 years in 2010 and 36.6 years in 2005.

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According to what Minister Gan Kim Yong said, by 2030 the number of elderly aged 65 and above will be tripled. Therefore, the demand will be high. The healthcare needed is more and the cost will be increased. In my own opinion, if the elderly aged 65 and above is going to be tripled, why not build more healthcare clinic? The doctors and nurses in the hospital wont be feeling pressured because there will be lesser people coming to the hospital if more healthcare clinic if it is build near their house.

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Minister GAN Kim Yong: Challenges of an aging population

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Mr GAN Kim Yong, Minister for Health (Singapore) explains the challenges an ageing population and chronic diseases for healthcare services.

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Currently, there are 4.9 citizens in the working age band of 20-64 years for each citizen aged 65 years and above. In 2005, the figure was 7.2. wihich was different from the previous years.

Those aged 65 and older form 13.1 per cent of the citizen population as of June 2015, up from 12.4 per cent in the same period last year
(source: http://www.straitstimes.com/singapore/singaporeans-aged-65-and-older-form-131-per-cent-of-citizen-population-as-society )

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SINGAPORE - There are now fewer than five working adults supporting one elderly person, as Singapore's population continues to age amid increasing life expectancy and low fertility rate.

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SINGAPORE - There are now fewer than five working adults supporting one elderly person, as Singapore's population continues to age amid increasing life expectancy and low fertility rate.

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http://www.straitstimes.com/movideo/embed/1351815?movideo_m=1351815

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The Government is helping the seniors “age well and live fulfilling lives” through home ownership and good healthcare, for instance.

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Last year, the total population here grew by 1.3 per cent — its slowest pace since 2005, while total fertility rate continued to fall despite the Government’s incentives and encouragement, said the Prime Minister.

This resulted to many families being “sandwiched” between supporting both younger and elderly dependants even though they do not work. There is also more demand for healthcare and social services

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Between 1965 and this year, Singapore’s population grew from 1.9 million to 5.5 million. However, the number of citizens aged 65 and above is increasing rapidly, as population growth slows. The size of this group of citizens doubled from 220,000 in 2000 to 440,000 today, and is expected to increase to 900,000 by 2030

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Speaking at the seventh annual Ho Rih Kwa lecture organised by the Singapore Management University, Mr Lee said: “Based on trends, if we project into 2050, even with immigration, the population pyramid will be inverted ... We are going to be growing old faster than any society in the world.”

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Wei Zhen, Imran, Safwan, Ziyu