Added October 1, 2023
13 min 20 sec
No Tears for Grey Hair: Can Singapore Care wisely for the Elderly?
Summary
As Singapore’s population ages, managing the financial and healthcare needs of the elderly becomes increasingly critical. In this episode, Professor Sumit Agarwal and Finance Professor Ruan Tianyue examine the Silver Support Scheme, a policy introduced in 2015 to provide financial assistance to retirees.
Impact of the Silver Support Scheme
Professor Agarwal and Professor Ruan analyze how retirees have utilized the Silver Support payouts over the years. They discuss whether this scheme effectively supports the elderly in managing their finances, given the rising costs of healthcare and the longer life expectancy.
Addressing Aging and Healthcare Costs
The discussion also explores the broader implications of the Silver Support Scheme in the context of Singapore's aging population. Is this initiative a viable solution to balance the increasing financial pressures on retirees and the rising costs of healthcare?
This episode provides a comprehensive look at how Singapore’s policy measures are addressing the needs of its elderly citizens and the challenges of an aging society.
