New HDB Plus flat segment could be a boon for young seniors

I AM unsure whether it’s a positive thing to be called a young senior. However, I am happy that Prime Minister Lee Hsien Loong acknowledged in this year’s National Day Rally (NDR) that those in their 50s and early 60s, a group he termed “young seniors”, are in a particularly sandwiched phase of life. 

Many young seniors – myself included – care for both the young and old in our families. While many of us grumble occasionally, I am confident young seniors will shoulder this responsibility well.

To help us meet our retirement needs, we have the Majulah Package. This package for Singaporeans born in 1973 or earlier comprises an “Earn and Save” Bonus, a Retirement Savings Bonus and a MediSave Bonus. The Majulah Package will cost the government about S$7 billion.