Clarence Lee (leader)Chen JiaJunChia Zhi Yi

Hazim Fathul RahmanJoshua Yap

Content1. Introduction

2. Methodology

3. Findings and Analysis

i. Social Survey

ii. Interview

4. Conclusion

IntroductionOverview

Background

Problem Statement

Objectives

OverviewIntroduction

Methodology

Survey Analysis

Interview Analysis

Conclusion

BackgroundIncreasing percentage of elderly

Escalating percentage of elderly not living with their children

Rising numbers of elderly living in nursing/ old folks’ homes

Problem StatementGovernment focus is insufficient to meet

the needs of future elderly

Children are less inclined to take care of elderly

Increasing trend of unmarried or childless elderly

ObjectivesPromote successful ageing for elderly

without dependent support

Ensure adequacy and planning strategies in Financial, Healthcare and Social areas

Integrate the retirement needs in concept of Retirement Village

MethodologyMethods to gather information through use

of:

a. Social Survey

b. Interview

Social Survey 20 respondents were surveyed

Aim of survey was to determine:

a. the adequacy of financial planning

b. level of Healthcare concern in retirement

c. lifestyle choice

d. the social needs / activities in retirement

Demographics

InterviewInterviewees were from Singapore Action

Group of Elders (SAGE):

Mr. Phua Kok Tee (CEO)

Mr. Wan Noor

InterviewInterview objectives were to:

a. To know more about government policies and initiatives working towards successful and active ageing.

b. To understand active ageing better and how the infrastructure available encourages this.

InterviewInterview objectives were to:

c. To discuss the retirement needs of the elderly (especially for elderly without dependent support)

Survey AnalysisResults will be analysed according to:

a. Financial

b. Healthcare

c. Lifestyle Choices

d. Social Needs

Survey AnalysisFinancial planning is

important

Majority of respondents choose personal savings over CPF for financial support

(Financial Aspect)

Survey AnalysisAll agreed health was vital

(Healthcare Aspect)

Survey AnalysisHigh confidence in Singapore’s

healthcare facilities

(Healthcare Aspect)

Survey AnalysisPeople expect to meet or exceed

current lifestyle expectations

(Lifestyle Choices)

Survey AnalysisBut may have to downgrade due to

CPF dependency

(Lifestyle Choices)

Survey AnalysisRespondents agree for a need to

upgrade social facilities

(Social Aspect)

Interview Analysis

Two main areas of concern:

a. Healthcare

b. Feasibility of a Retirement Village

Interview Analysis

Healthcare is significant for elderly

Government has to work with citizens to lower healthcare costs

(Healthcare)

Interview Analysis

Mr. Phua raised the issue of feasibility

Western concept vs Asian culture?

Need for ‘Ageing in Place’

(Feasibility)

ConclusionApplication

Challenges

Future Recommendations

Reflection

ConclusionProject proves a need for a fresh solution

Changing needs of elderly in the future with different challenges

(Application)

ConclusionRising inflation rates and poor financial planning

(insufficient funds)

Retirement Village’s feasibility

(Challenges)

ConclusionIntroduce the concept of a Retirement village to Singapore

New generation of elderly are likely to be more accepting of it

(Future Plans)

Conclusion Different commitments

Time constraints

Different preferences for modes of communication

(Reflections)

Conclusion Different commitments

Time constraints

Different preferences for modes of communication

(Reflections)

Thank

You