Demographics

Why is Japan souring on foreign workers and tourists?

It is a dangerous attitude for an ageing country that needs more immigrants

By 2023, China already had 217 million people aged 65 and over, or about 14% of the population.

A great wealth transfer is happening in China

In some parts of the country, retirees are the richest while Gen X and millennials are struggling

Though the number of people is still rising, the fertility rate has been plummeting. And not just in the rich world: Two-thirds of people now live in countries where it is below the “replacement rate” of 2.1.
THE BROAD VIEW

Don’t panic about the global fertility crash

A world with fewer people would not be all bad

Letting local singles buy HDB BTO homes at a younger age can help in ensuring financial adequacy in their retirement years.
THE LEVEL GROUND

As more Singaporeans stay single, it makes sense to let them buy BTO flats when they are younger

Consider lowering the age limit from 35 to 28 and limiting singles to smaller resale flats, to better meet housing aspirations while keeping larger HDB resale flats for families

Help large families who upgrade from an HDB BTO home to a resale unit with a sizeable CPF housing grant.
THE LEVEL GROUND

Let large families buy new HDB 3Gen flats and enjoy priority for 4- and 5-bedder exec condos 

Apart from financial incentives, housing policy changes can help support families with three children or more

With the right strategies, Singapore can transform its ageing population from a demographic challenge into a catalyst for inclusive growth.
THE BOTTOM LINE

Silver linings: Unlocking the potential strengths in an ageing society

SINGAPORE’S population is ageing rapidly. It is the oldest nation in Asean and the fourth-oldest in Asean+3 (the Asean group plus China, Japan and South Korea), with more than 16 per cent of its popul...

The birth rate hit a record low last year in China, which has a population of 1.4 billion.

China looks to spur births, aid families in fight on shrinking population

CHINA outlined steps on Monday (Oct 28) to improve family planning and parenting measures in an effort to boost the number of births, a statement from the state council, or Cabinet, showed, after two ...

The ageing of Singapore's population may not provide rich pickings for property players eyeing the purpose-built senior-living space.
THE LEVEL GROUND

Temper expectations in Singapore’s private purpose-built senior-living sector

Seniors are hardly homogenous and neighbouring countries can compete on costs

 Ageism separates and divides society, and it is harmful at both the individual and the collective level. In Singapore, many older workers are concerned about age discrimination at the workplace.
THE BROAD VIEW

Aged to imperfection?

Stop worrying about our ageing society. What we need is an age-integrated longevity society

Sooner or later, therefore, every big economy will collide with a demographic wall. The bill from pensions and hospitals will pile on fiscal pressure. Sapped of workers and ideas, economic growth could collapse while public debt balloons.
PERSPECTIVE

Shrinking populations mean a poorer, more fractious world

Politicians must act now to avert the worst