atans1

Redefine “old age” and there’s no longer an aging problem

In Economy, Political economy on 25/04/2019 at 4:36 am

TOC’s Correspondent latest rant on Heng reminded me that Heng implies we need FTs by the cattle truck load, the presumptive PM because because the population is ageing and not reproducing, while we need a 10m  population.

Well recently the FT had a piece headlined

Demographic time-bomb: Finland sends a warning to Europe

Facing a rapidly ageing population, the country’s difficulty in passing reforms highlights the hurdles ahead

But interesting it reports in the article that “experts in Finland say the debate on ageing needs to be rethought”.

An expert

Prof Vaarama says that it is wrong to classify all people aged over 65 as “old”. She argues true old age starts at 80-85. Before that, people could still be working and be consumers in the new so-called “silver economy”. “Society doesn’t yet understand what longevity is. We should look at how we can benefit from this population,” she adds.

Time for the policy thinkers in the SDP and people like Tay Kheng Soon to think more about issue. The PAP won’t change their mind about a Hard Truth.

  1. PAPies already know. That’s why they don’t tie “retirement age” to when you start getting benefits or CPF. Hence the push to increase the starting age for CPF, as well as pushing for “re-employment age” to increase.

    PAPies have long ago moved away from the retirement age >> old age >> stop work paradigm. For them, if you can hang onto a high-paying position well into your 70s … why not?!? And also if you already have the means to retire at 30, by all means — just that they don’t really look too kindly on these people. However, if you don’t have the means, then the message is that you better continue working, even if it’s below-living-wage menial jobs.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: