According to the United Nations’ “World Population Ageing 2017” report, Singapore’s population is expected to grow by 5.7 million to 6.6 million between 2017 and 2050.1 Close to 40% of Singaporeans are expected to be over 60 years old by 2050.2 This dramatic increase in the elderly population is due to several factors: decrease in birth rate, increase in life expectancy and decrease in mortality.
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