December 07, 2006

Elder Employment and The Welfare Dilemma

Speranza Nuova said:

So if you expect to live longer, with ongoing healthcare costs, and if family and society cannot pick up all of the bill for you -- what can you do? How can you protect your retirement funds?

Recommended by Anonymous Coward: "A provocative look at the issue of elder employment, in the context of growing life expectancy and an ageing population. What if it's actually a smart choice to keep working, even if that work is at McDonald's rather than in a high-powered air-con office?"

Link

Submitted by Anonymous Coward on December 07//10:44am and published by jseng, shianux :: 1069 reads | trackback
Comments 6

When you build a luxurious home, you need plenty of servants to keep house.

But with a modest home, there shall be plenty of friends to keep company ------ orungoona balooneyu

Posted by Wealthfare* on 7 December, 2006 - 5:29pm

Even if you want to work, employers might not want to hire you. Period.

For the healthy, theres always crime and prostitution
-
`What are we going to do? They are not going to conveniently die off`

Working for a livelihood beyond retirement age is an oxymoron.

People are supposed to enjoy the fruits of their labour when they retire. If they work, it should be voluntarily, for pleasure, not in order to survive.

If people cannot retire at retirement age, it really means that there is no retirement or it has been postponed indefinitely. So, what good has economic progress brought to us if we cannot retire when we are supposed to?

Something is surely wrong somewhere, especially if we are told/ made to believe that Singapore is doing extremely well.

Posted by Anonymous Coward* on 9 December, 2006 - 3:29am

Even in times of war or famine, there will be those who benefit from the status Quo. So its not untrue that some singaporeans will do well
-
`We shouldn't be waving a red flag for this, telling everyone that there's this help available. It's quite a process to go through to get the vouchers`

You said it man. Some Singaporeans do extremely well at the expense of those who are made to believe they are doing well. That is to the extent of telling us the cost ice cream hasn't gone up, but in fact it is because our tastes have gotten more expensive (ref: Chua Mui Hoong's article on ST 8 Dec 06), therefore the cost of living has gone up.

I wonder then, why has the same bowl of fish ball kway teow remained the same size and tasted the same while the cost has gone up from 50 cents to $3.30 per bowl through the years? Why has the MRT fare gone up and no. of seats gone down?

Yeah right, I am too dense to understand the logic. ST is too chim for me.

Posted by Anonymous Coward* on 9 December, 2006 - 5:19am