Many Singaporeans prefer to retire abroad
August 20th, 2008 by ALVIN SOONG
When I came back from US after a mth, I realise a much better quality of life, even though the Americans worked hard for their money.
In Singapore I was struck by reality when huge amount of workload await me the last few days, clearing thousands (literally more than 1000) emails. I believed Singapore was probably ranked in the top 5 in terms of highest work stress. No wonder most people would like to earn more at a better quality of life and set their eyes overseas..
Then again some may say it may be a “Grass is greener on the other side” mentality..
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Actual News Article:
A NEW study on ageing and retirement has sprung some surprising findings.
The study, commissioned by the Tsao Foundation for Successful Ageing, found that:
Two-thirds of Singaporeans surveyed have considered moving to another country to retire. A slower pace of life and the lower cost of living are key reasons why they have thought of moving.
92 per cent of those surveyed said they don’t expect their children to live with them in their old age. While the survey did not ask the respondents why they felt that way, Dr Mary Ann Tsao, president of the Tsao Foundation, said the findings have huge implications for society.
For example, Singapore has to examine if there are enough services to help the elderly who live alone.
The survey polled 300 people aged between 21 and 55 years and found that generally, Singaporeans are confident about ageing and retirement.
New extracted from Straits Times 20th Aug 2008
