SINGAPORE IS AGING FAST.

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The problem with an aging population is that the burden of care grows with the number of elderly. Aged people no longer work in many countries of the world, and therefore do not contribute to economic growth. Their requirements for healthcare services are disproportionate to their numbers.

The situation is particularly serious in Singapore, which is the most rapidly aging of all Asian countries according to a recent story in The Business Times (Singapore). The Times was reporting on an academic population conference there in late November.

According to one of the presentations at the conference, over 1 in 3 Singapore residents will be classified as elderly (60-years-old and older) by 2050. Currently, 11 percent of the population fits into that segment, making Singapore the "oldest" country in Asia. The next two oldest...

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