Thursday, May 23, 2019

SINGAPORE - For the first time, researchers in Singapore gathered people aged 55 and above to talk about what they considered to be their basic standard of living, and calculated that a single man or woman aged 65 and above would need at least $1,379 a month to sustain it

A couple aged 65 and above would need $2,351.

In defining a basic standard of living, participants went beyond housing, food and clothing, to include opportunities to education, employment, work-life balance and healthcare. It should also enable a sense of belonging, respect, security and independence and include freedom to participate in social activities, and engage in one's cultural and religious practices.
The list, said researchers, reflected the norms and values held by Singaporeans today.