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Singapore’s Aging 'Time Bomb' Will Tick Louder in 2018

  • Population of 65 years and older to match youngest: UOB’s Tan
  • Faster aging will necessitate policy changes, including tax

Next year marks an ominous turning point for Singapore’s graying population, according to research by Francis Tan, an economist at United Overseas Bank Ltd. in Singapore.

In 2018, the share of the population that’s 65 years and older will match those younger than 15 for the first time, Tan wrote in a report on Wednesday. As the elderly population starts to crowd out the youth, the “demographic time bomb” may mean changes to taxes, immigration rules, and social services, he said.