Singapore has been ranked among the world's top 10 nations - and first in Asia - for its readiness to address the challenges and leverage the opportunities of an aging population, according to a recent study conducted by researchers from the National University of Singapore (NUS) and Columbia University.
National University of SingaporeDec 27 2024 Singapore has been ranked among the world's top 10 nations - and first in Asia - for its readiness to address the challenges and leverage the opportunities of an aging population, according to a recent study conducted by researchers from the National University of Singapore and Columbia University. Switzerland tops the rankings, with Japan ranking 15th globally and second in Asia, while USA ranks 24th.
Summarizing the key observations of the study, Asst Prof Chen explained, "While high-income countries lead the rankings in readiness for a rapidly aging society, low- and middle-income nations trail behind. Although low- and middle-income countries often have younger populations today, many are expected to experience rapid population aging in the future. Individuals with limited financial security may face serious challenges in accessing healthcare later in life.
Well-being: 1st A successfully aging society provides healthcare informed by a sophisticated understanding of the healthcare needs of older persons. Singapore performed best in Well-being, securing the top global ranking in this domain. The nation achieved the world's longest healthy life expectancy at older ages; strong universal health coverage ; a high share of life expectancy spent in good health ; and high life satisfaction .
Productivity and engagement: 17th A successfully aging society facilitates the engagement of older persons. In Singapore, while participation in retraining for ages 16-64 ranks impressively at 10th worldwide, other indicators such as labour force engagement among ages 55-64; as well as volunteering, feeling active and productive daily, and job satisfaction among older populations, have been ranked between 41st to 67th.
The research team recognizes that MOH has just embarked on Age Well SG in 2024 and is expanding the network of Active aging Centres as drop-in nodes for seniors to co-mingle with one another and with neighbors. This also creates opportunities for seniors living alone to be engaged with buddying and befriending programs, which will help to address the areas which the team has identified.
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