Expected means of financial support in old age in Singapore 2018

This statistic shows the share of respondents who expected to rely on the given ways to support themselves financially in old age in Singapore as of March 2018. During the period surveyed, 64 percent of respondents responded that they expected their Central Provident Fund (a mandatory governmental savings scheme in Singapore) to support their needs after the age of 62. In comparison, 31 percent of respondents stated that they expect their children to support their needs in old age.

Share of respondents who expect to rely on the following ways to support them financially in old age in Singapore as of March 2018

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Sources

Release date

September 2018

Region

Singapore

Survey time period

March 2018

Number of respondents

1,214 respondents

Age group

25 years and older

Supplementary notes

The question asked in the survey was as follows: "On a scale of 1-10, to what extent do you expect to rely on the following to help support your needs after 62? Responses of 6 to 10."

This survey is part of the Ready for 100 research program that examines the opportunities and challenges that lie ahead for Singapore’s residents, employers, healthcare practitioners and policymakers as people live longer.

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Statistics on "Aging population of Singapore"

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