SILVER TSUNAMI IN SINGAPORE

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The word “Tsunami” shakes the entire world. However in Singapore there is a different kind of Tsunami that is leading a major problem and it is known as “Silver Tsunami”. Now let’s have a quick understanding of what exactly is Silver Tsunami and why Silver Tsunami is a ageing population in Singapore.

WHAT IS SILVER TSUNAMI?

The term “Silver Tsunami” refers to the rapidly growing population of seniors, which is expected

To increase from 8.7 percent of the population to almost 20 percent by 2030.
By 2030, every 5th Singaporean is expected to be over 65 years old. In a nation that is already experiencing a deceleration in the productiveness rate, such a sharp increase in the elderly population threatens to exert a heavy pressure on social services to which Singaporeans have the right.

IMPACT OF SILVER TSUNAMI IN SINGAPORE

The growing population of older people brings urgency to certain topics including employment of immigrants, which will have to be resolved more quickly in the coming decade.

At the same time, Singapore is encounter stress in long-term care facilities. This is due to both the cultural unacceptability of long-term care centers, such as nursing homes, and the government's emphasis on deinstitutionalization. These two forces, hand-in-hand, and drive the development of local organizations that provide support for home care and provide care services for the elderly.

CONCLUSION:

This is a puzzle that Singapore will have to solve as both government and people. It does not mean that it is the only country that will have to face these problems when its population is aging. The nearby nations, such as Japan and Korea, as well as Scandinavian nations, such as Sweden and Denmark, are also queuing to experience Silver Tsunami. This change in population will be something the world has not yet experienced and will require innovative solutions to preserve the world for the next generation.

Soon the silver tsunami will hit many coasts!