One in three Singaporeans wants to quit before 60: poll

[kazukirai]

more than one in three Singaporeans want to quit for good even before they hit 60, two years shy of retirement age

Given what we know about Singaporeans' CPF balances and assets outside of CPF, I think very few will be ABLE to "quit for good" by even 65, if ever. We should be mentally prepared to see many more old folks working in future. Some of them will be our relatives and friends. Some of them will be... us.

I think we'll also see more people of that age group moving to Batam, Malaysia, Thailand or some place where you SGD buys you two burgers instead of one here.

Singapore will become more cosmopolitan than ever. As it is, many of my friends or relatives already go on holiday during CNY when it is probably one of the times of the year that we actually see each other so I think when the future comes, Singaporeans will be more mobile than ever.