Singapore on its way to 'super-ageing'

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http://news.asiaone.com/news/singapore/spore-its-way-super-ageing

Singapore is well on its way to becoming a "super-aged" nation, with two back-to-back reports coming as a stark reminder of the silver tsunami.

A super-aged nation, according to the United Nations, is one where over 20 per cent of the population is aged 65 and above.

Japan is the first country to be accorded the status, and the Republic looks set to follow. By 2030, about one in five people here will be 65 or older.

And by 2050, there will be only two persons of working age for each person aged above 65, according to a report by Allianz Global Investors on Monday.

The investment company, which conducted demographic research, said in the report: "By then, Singapore will not be able to avoid the problems super-aged Japan is already facing. The difference will only be in terms of the timeframe."