Serious CPF complete and utter failure. 80% sinkies worry not enough worry for old age

[Papsmearer]

SINGAPORE - Eight in 10 Singaporeans are worried about growing old, a survey has found.
Topping their worries is whether they can look after themselves when they are old. Financial worries of running out of savings is next, according to a survey released on Tuesday (Oct 18).

Nearly 1,000 Singaporeans aged 30 to 75 were interviewed in the survey commissioned by insurance cooperative NTUC Income and philanthropic organisation Lien Foundation.


The survey also found that nearly eight in 10 Singaporeans prefer to grow old in their homes, consistent with the government push to encourage Singaporeans to "age in place", or spend their twilight years in their homes.
About half the respondents were willing to stay at a nursing home, but only two in five were willing to send a loved one there.


The survey found that for those willing to stay in seniors' homes, an overwhelming nine in 10 prefer single or two bedded-rooms that currently do not qualify for government subsidies.
"Aged care facility providers can take heed of the varying preferences shown by the different age groups," said Lien Foundation programme manager Gabriel Lim of the findings.
NTUC Income also launch on Tuesday in conjunction with the survey findings release a new insurance plan that covers senior diseases like Parkinson's disease, dementia and Alzheimer's diseases. The new plan covers policyholders until age 100.

 

[Leongsam]

CPF supplements personal savings. It is not a pension scheme.

 

[ckmpd]

SINGAPORE - Eight in 10 Singaporeans are worried about growing old, a survey has found.
Topping their worries is whether they can look after themselves when they are old. Financial worries of running out of savings is next, according to a survey released on Tuesday (Oct 18).

Nearly 1,000 Singaporeans aged 30 to 75 were interviewed in the survey commissioned by insurance cooperative NTUC Income and philanthropic organisation Lien Foundation.


The survey also found that nearly eight in 10 Singaporeans prefer to grow old in their homes, consistent with the government push to encourage Singaporeans to "age in place", or spend their twilight years in their homes.
About half the respondents were willing to stay at a nursing home, but only two in five were willing to send a loved one there.


The survey found that for those willing to stay in seniors' homes, an overwhelming nine in 10 prefer single or two bedded-rooms that currently do not qualify for government subsidies.
"Aged care facility providers can take heed of the varying preferences shown by the different age groups," said Lien Foundation programme manager Gabriel Lim of the findings.
NTUC Income also launch on Tuesday in conjunction with the survey findings release a new insurance plan that covers senior diseases like Parkinson's disease, dementia and Alzheimer's diseases. The new plan covers policyholders until age 100.

without doubt, CPF wont be enough.

 

[ckmpd]

CPF supplements personal savings. It is not a pension scheme.

99% cant have savings in high cost SG. savings not enough, CPF not enough. That's the tragedy

 

[borom]

The same 80% (from 70) that will vote for them in the next election?
I rest my case

 

[Papsmearer]

CPF supplements personal savings. It is not a pension scheme.

It does not matter what it supplements. 80% just do not think its enough for old age. That is the bottom line. just like we don't count you supplementing your female coitus with sheep. so, it should not be mixed. got it?

 

[Papsmearer]

99% cant have savings in high cost SG. savings not enough, CPF not enough. That's the tragedy

80% think that rising costs will outstrip their savings. that is why they do not think its enough.

 

[OrLanChowHorFun]

The same 80% (from 70) that will vote for them in the next election?
I rest my case

that's why i said these FUCKTARDS no need to worry about retirement..............they'll retire in their coffins..........

 

[ckmpd]

80% think that rising costs will outstrip their savings. that is why they do not think its enough.

i agree that CPF savings will never be enough

 

[JohnTan]

CPF supplements personal savings. It is not a pension scheme.

CPF could work as a pension scheme if sinkies made full use of CPF's compounding effect by maxing out their special account as early as possible. I have enough money in my CPF account to retire comfortably, without having to touch my regular cash. I thank PAP for this beautiful CPF scheme.

 

[Leongsam]

CPF could work as a pension scheme if sinkies made full use of CPF's compounding effect by maxing out their special account as early as possible. I have enough money in my CPF account to retire comfortably, without having to touch my regular cash. I thank PAP for this beautiful CPF scheme.

Yes me too but you have to remember that there are many sinkie losers who are too lazy to make any real money.

I still have close to half a million smackos in my cpf account. The interest rate is excellent too.

Whenever I see my CPF statement I feel so rich.

 

[dr.wailing]

80% think that rising costs will outstrip their savings. that is why they do not think its enough.

In the past few days the state-controlled print newspaper has published reports of the escalating health insurance premiums caused by increasing healthcare costs.

 

[garlic]

These kinda sentiments need to conduct survey shows how out of touch those in ivory towers are...

 

[eatshitndie]

although cpf is not for retirement, sinkies are lucky to have cpf and the pap. just look at the richest cuntry in the world with the largest gdp. over 69% of americans don't even have $1000 in their savings accounts. about 50% don't have anything, not even $1 in a savings account. truly pathetic.

 

[Cottonmouth]

Liquidate everything and migrate elsewhere, it's not as though you get free healthcare over here when you are old.

 

[OrLanChowHorFun]

CPF could work as a pension scheme if sinkies made full use of CPF's compounding effect by maxing out their special account as early as possible. I have enough money in my CPF account to retire comfortably, without having to touch my regular cash. I thank PAP for this beautiful CPF scheme.

LAN JIAO LAH...................if you got so much money, no need to be a PAP PorLumPar IB here liao lah...........

 

[mojito]

It is great success. If 80% worry, then government only have to worry about helping the other 20%. If you no worry, then government worry!