Ageing population not just the government's problem

IT'S literally an age-old problem: people in rich countries are not having enough children to keep up with their own ageing.

The accelerated ageing of local populations is an issue that many governments, especially in Asia, are still grappling with. In Singapore, our population is ageing much faster than most other countries globally, with the number of Singaporeans aged 65 and above set to double by 2030.

It is imperative that the government and businesses in Singapore, a small country with limited resources, work together and adopt a proactive stance in planning ahead against this upcoming stress on its physical and social resources.