In the next fifteen years, 20% of the population in Singapore will be aged 65 and above. That figure is astonishing when you put this into perspective: there will only be 2 citizens in the working age band (aged 20-64) for each elderly citizen. Singapore is not too far away from Japan as one of the fastest ageing population in Asia. With low fertility rate and later marriages, Singapore faces the challenge of a declining working population and stagnant economy. With
