More than 60% of Singaporeans thinking of retiring overseas
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More than 60% of Singaporeans thinking of retiring overseas
Updated: 20th August 2008, 1444 hrs
Some 60 per-cent of respondents to a new survey said they have considered moving to another country for their retirement.
This answer was most common in the youngest group of respondents who are between the ages of 21 to 24, with 75 per-cent having thought about migration.
The main reasons cited for such a move included the desire to have a slower pace of life, lower cost of living and a more pleasant environment.
These findings were revealed by an Ageing Preparedness Survey, jointed conducted by not-for-profit outfit Tsao Foundation and market research agency TNS.
President of Tsao Foundation Mary Ann Tsao said that one-third of the respondents also cited the lack of services for the elderly in Singapore as a possible motivation to leave.
"Singapore has come a long way. I've been here 16 years and when I first came here there was nothing. And now there's a lot more service in the community to help older people and their family to cope with some form of mild disability or health problem in the community. However, we don't have enough. And the quality could be continually improved. And there's still accessibility problem."
The survey aimed to find out the level of awareness and preparedness for ageing among Singaporeans.
300 adults between the ages of 21 and 55 were surveyed earlier this year in what is believed to be the first national survey survey of its kind.
The survey also found out that while Singaporeans mostly feel confident about having a good quality of life in their old age,
only half felt comfortable with the country's physical and social support for ageing.
About 40 per-cent of the respondents also said they were not prepared for retirement in terms of financial security.
SOURCE : 93.8 LIVEI copy and paste from CNA forums to see everyone's views here.
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The problem is singaporean like to talk only, in actual most end up in Singapore too. Survey only mah, if ask me , i also want to retire at oversea, the best is at some nice resort. But then, our root is here. We love singapore as we are singaporeans, not the govt, not the policies and certainly not the high cost of living. It is a sense of belonging.
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< This answer was most common in the youngest group of respondents who are between the ages of 21 to 24, with 75 per-cent having thought about migration.> If i don't remember wrongly, in a previous survey only about half of the youthful respondents want to migrate. Now another 25% more want to leave.
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i am retiring back to my malaysia kampung after sucking all singaporeans money
fark me
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We need more babies to replace this 60%.
Who is going to top up CPF when these people leave?
Who?
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Originally posted by charlize:
We need more babies to replace this 60%.
Who is going to top up CPF when these people leave?
Who?
Didn't MM said that there are more foreign talents staying than locals leaving? -
Originally posted by pearlie27:
Didn't MM said that there are more foreign talents staying than locals leaving?How many FT's top up CPF?
How many?
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Originally posted by charlize:
We need more babies to replace this 60%.
Who is going to top up CPF when these people leave?
Who?
No need to top up, just extend the withdrawer age can already
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I am also thinking of retiring overseas, perhaps in another 5-10 years.
I can't afford to pay for their multi million dollar salaries, they just increase my property tax by another 15%.
Sure sure, lower the property tax rate but increase the Annual Value of the property, in the end after taking into effect the lower property tax rate, you still end up paying more for property tax.
They can only trick those without a brain to think for themselves.
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ok...
why the 60% wanna retire overseas?
some people doing a bad job here that's why these ppl wanna retire elsewhere?
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The sad case is, not all of these 60% qualify for immigration status in other countries.
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Originally posted by maurizio13:
The sad case is, not all of these 60% qualify for immigration status in other countries.
'Want to immigrate' is one thing, 'Can immigrate' is another thing.Singapore is too fast packed and packed ( and it will be worse when the population increased to 6.5m). Not ideal for a relaxing lifestyle.
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Originally posted by Spartans:
'Want to immigrate' is one thing, 'Can immigrate' is another thing.Singapore is too fast packed and packed ( and it will be worse when the population increased to 6.5m). Not ideal for a relaxing lifestyle.
There is one economic term that best describes this effect, "the crowding out effect". -
Originally posted by maurizio13:
There is one economic term that best describes this effect, "the crowding out effect".
isn't it more appropriate to use the term "displacement"? -
Where is the best place to retire leh ?
Maybe someone can come up with list.
Then we can go set up a seniors community and assisted living.. make big bucks !!
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... dumb asses should have done this survey in 1990...
... this idea of Retirement Overseas/Abroad/Migration started way long ago...!
... wait until now then start to realize this trend...
...farking sleeping government...
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Is that strange?
Because this country has no concept of retirement at all but people really want to at least be able to enjoy that last bit and spend a bit of their hard earned money in CPF, before they die. I don't think that's too much to ask but that's not in-line with what the government wants which is to work people to their coffins
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If you want to retire in those first world countries where they take care of the old.
You'd need to start migrating when you are still young. Because....
No country will welcome you and give you the same welfare as a native in that country you go to, unless you have earned your priviledges.
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Originally posted by jojobeach:
If you want to retire in those first world countries where they take care of the old.
You'd need to start migrating when you are still young. Because....
No country will welcome you and give you the same welfare as a native in that country you go to, unless you have earned your priviledges.
I guess they want to take their CPF monies to retire there? And hope it is sufficient that they do not need any further welfare?
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... and we talk about loyal locally born singaporean and disloyal foreign talent....
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Originally posted by eagle:
I guess they want to take their CPF monies to retire there? And hope it is sufficient that they do not need any further welfare?
If you are not expecting special priviledges the native elders receive, and you have much money to spend and contribute to their economy.. then ofcors you can.
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Originally posted by jojobeach:
If you are not expecting special priviledges the native elders receive, and you have much money to spend and contribute to their economy.. then ofcors you can.
Actually hor, supposed one earns $3k a month from age 25 to age 65, and including a 1 month year end bonus, the total in CPF is around SGD 0.5 mil already (if never buy house using CPF, or use it for anything)
Plus some savings, say 100k.
600k sgd should be enough to survive in a country where everything is cheaper and life is slower right?
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Originally posted by eagle:
Actually hor, supposed one earns $3k a month from age 25 to age 65, and including a 1 month year end bonus, the total in CPF is around SGD 0.5 mil already (if never buy house using CPF, or use it for anything)
Plus some savings, say 100k.
600k sgd should be enough to survive in a country where everything is cheaper and life is slower right?
Survive at where ? Jamaica ? or Indonesia ? Tahiti ? Man.. betwen age 25 to 65.. ur life would really suck nuts. lol
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Originally posted by BadzMaro:
Survive at where ? Jamaica ? or Indonesia ? Tahiti ? Man.. betwen age 25 to 65.. ur life would really suck nuts. lol
haha... that's also true...
Talking about Jamaica, should it be time we import some Jamaicans for run atheletics for us at sea games?
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Originally posted by eagle:
haha... that's also true...
Talking about Jamaica, should it be time we import some Jamaicans for run atheletics for us at sea games?
LoL... Running from the cops after thier crops.