Singaporeans seek meaning, not just relaxation, but many find the journey challenging: AIA Live Better Investigation
In the heart of 2025, Singapore's Ministry of Health launched an initiative aimed at ensuring affordable and sustainable healthcare for all, reflecting the nation's commitment to the well-being of its citizens, especially during their retirement years.
The AIA Live Better Study, conducted by AIA Singapore from May 22 to June 13, 2025, with a sample size of 1,000 representing Singapore's general population, sheds light on the retirement plans and concerns of the Singaporean population.
The study revealed that while 50% of Singapore residents claim to be financially stable, only 37% have thought about social wellness and taken steps to prepare for it. Moreover, 17% and 21% of residents have not considered long-term care and maintaining social wellness during retirement, respectively.
Interestingly, 55% of Singapore residents plan to work upon retirement, with key worries including managing cost of living (62%) and healthcare expenses (54%). This suggests a need for comprehensive plans that address both financial and healthcare aspects of retirement.
Physical wellness emerged as a paramount concern, with 46% ranking it as the top factor for a happy retirement. A happy retirement was found to be strongly linked to spending time with family (61%) and friends (41%).
The study also highlighted the significance of marital status, with more married individuals having a positive outlook towards retirement compared to single counterparts. Single individuals face unique challenges, such as lack of caregiving arrangements, isolation, and cognitive decline.
In terms of insurance coverage, only 72% of Singapore residents have considered it for retirement, with 14% yet to do so. This underscores the importance of awareness and education campaigns to encourage comprehensive retirement planning.
AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group, with a presence in 18 markets, had total assets of US$328 billion as of June 30, 2025.
Looking ahead, the development of Age Well Neighbourhoods is expected to provide more activity centres, home services, and healthcare, aiming to enhance the quality of life for seniors.
In conclusion, the AIA Live Better Study provides valuable insights into the retirement aspirations and concerns of Singaporeans. It underscores the need for comprehensive planning that addresses financial, healthcare, social, and physical wellness aspects, as well as the importance of education and awareness campaigns to encourage comprehensive retirement planning.
Read also:
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
- Unveiling Innovation in Propulsion: A Deep Dive into the Advantages and Obstacles of Magnetic Engines
- Intensified farm machinery emissions posing challenges to China's net-zero targets
- EU Fuel Ban Alerts Mercedes Boss of Potential Crisis
