redOrbit
14 Apr 2008
SINGAPORE has one of the largest ageing populations in the world.
According to a 2006 United Nations report, Singapore is fourth behind Macau, Japan and South Korea in a ranking of countries with the oldest projected populations.
The lifespan of Singaporeans has also increased. Today, the average life expectancy is 80 compared with 61 in 1957.
The growth of the labour force is projected to slow significantly as a result of declining fertility rates and the ageing of its baby boomers, according to the country's Ministry of Manpower (MOM).
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