AIA Singapore has unveiled findings from its eighth Live Better Study, revealing a shift in how Singaporeans view retirement. The study shows a growing trend towards seeking purpose and reinvention in retirement, aligning with the government’s focus on active ageing. However, it also highlights a significant gap between these aspirations and the practical preparations being made.
The study, conducted in May 2025, found that 55% of Singapore residents plan to work post-retirement, driven by a desire for purpose, to cure boredom, or to try something new, rather than financial necessity. Despite this, only 50% feel financially stable, with those in their 40s expressing the most negativity. Concerns about the cost of living and healthcare expenses remain prevalent.
Social wellness emerged as a critical yet often overlooked aspect of retirement planning. Only 37% of respondents have considered social wellness, with single individuals particularly worried about isolation and caregiving. The study underscores the importance of social connections, echoing recent government initiatives like Age Well Neighbourhoods.
Irma Hadikusuma, Chief Marketing and Healthcare Officer at AIA Singapore, noted, “Singapore residents are increasingly envisioning a purposeful and active post-career life, yet our study reveals many are not adequately preparing for this new reality.”
The findings indicate an urgent need for more education and support to help Singaporeans transition into retirement, particularly for those aged 40-49 and single individuals. This aligns with the government’s efforts to enhance community support and social infrastructure, ensuring a more inclusive society for an ageing population.
