Late baby boomers’ socio-economic class and retirement options in Singapore

• Main Author: Chen, Qinglin
• Other Authors: Xiao Hong
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Social sciences
• Online Access: http://hdl.handle.net/10356/66159
• Institution: Nanyang Technological University

Studies have shown that the boundary between retirement and employment is blurred due to changing demographics. Singapore is now experiencing rapid population ageing with the first batch of baby boomers reaching age 65 in year 2012. As the baby boomers cohort is huge, this study will be focused on late baby boomers as they are known to be healthier, wealthier and better-educated as compared to previous cohorts. Since we cannot generalize this trend due to structural variations within the same cohort, twelve late baby boomers from different socio-economic class and how it affects retirement options will be analyzed via semi-structured interviews. This research seeks to explore structural factors such as socio-economic class and state policies in shaping late baby boomers’ perception towards ageing process and retirement options through the lens of political economy of ageing and the life course perspective. Findings have shown that ageing experience is unequal and retirement options are affected by one’s socio-economic position developed throughout the life course as well as interactions with state policies, which causes unequal financial resources in the old age and subsequently impacting ‘successful ageing’.