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Home / Issues / Ageing

CPF not enough: How will elderly Singaporeans find the $1,379 a month needed to thrive?

Ageing

CPF not enough: How will elderly Singaporeans find the $1,379 a month needed to thrive?

Kok Xinghui Published on Fri, Jun 14, 2019 / 12:43 PM GMT+8

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SINGAPORE (June 14): Researchers in Singapore have determined that an elderly person living alone would need $1,379 every month to maintain a basic standard of living. But, how will they — and the rest of the ageing population — pay for it?

Crucially, the $1,379 figure assumes good health.

The sum covers an annual $500 holiday, budgets for one restaurant meal a month, and allows the person to buy clothes and accessories for special occasions, as well as gifts for friends.