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|Title:||Singaporeans' Perceptions and Preparations for Retirement: A Crosscultural Inquiry|
|Citation:||Mehta, K. (1999). Singaporeans' Perceptions and Preparations for Retirement: A Crosscultural Inquiry. Ageing International 25 (3) : 31-46. ScholarBank@NUS Repository.|
|Abstract:||The perceptions & lived experiences of approximately 100 workers in Singapore were captured in 1996, focusing on their views on preparation for retirement, factors that impinge on the choice of plans, difficulties faced in doing so, & expectations of life after age 60. Qualitative focus group discussions (N = 13) were conducted over a period of 6 months across the three major ethnic groups - Chinese, Malays, & Indians. Each of these was further subdivided into higher- & lower-income groups. The findings were triangulated with quantitative data extracted from the 1990 census & a representative survey on the assets & economic profile of middle-age persons (ages 50-59). The results highlight the prevailing pressures on the older workforce due to rising cost of living, increasing medical costs, & upgrading of skills required to keep up with changing technology in the workplace. Interesting cultural & gender differences emerged. On the whole, this cohort felt that without support from children, their own assets & financial possessions would be inadequate for old age. Greater need for public education on retirement planning, with special focus on women, was indicated.|
|Source Title:||Ageing International|
|Appears in Collections:||Staff Publications|
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