Searching for Meaning Beyond Relaxation: Many Singapore Residents Unprepared for Personal Growth Journey, According to AIA Live Better Study
Singapore, 2025 — The latest wave of the AIA Live Better Study, an independent survey conducted by AIA Group Limited, has shed light on various aspects of Singaporeans' retirement outlook and preparations. The study, which ran from May 22 to June 13, 2025, polled a representative sample of 1,000 residents across the island nation.
The economy of Singapore has shown a robust growth, with the GDP expanding by 4.4% in Q2 of 2025. This positive economic climate has not gone unnoticed by the nation's seniors, as 40% of them anticipate spending time managing healthcare conditions, particularly among young seniors.
Physical wellness emerged as a paramount concern for a happy retirement, with 46% of respondents ranking it as the top factor. Social wellness, on the other hand, appears to be an area that needs more attention, with 21% of Singapore residents not having thought about how to maintain social connections during their retirement years.
Interestingly, only 37% of respondents have considered social wellness and taken steps to prepare for it. This is a concern, as a happy retirement is strongly linked to spending time with family (61%) and friends (41%).
Working upon retirement is a trend that is gaining traction, with 55% of Singapore residents planning to do so. However, financial stability remains a concern for many, as only 50% of respondents claimed to be financially stable. Reasons for working beyond retirement include seeking a sense of purpose (27%), curing boredom (26%), and trying something new (18%).
Insurance coverage for retirement and long-term care are areas that some Singaporeans have yet to consider. 14% of respondents have not considered insurance coverage for retirement, while 17% have not thought about long-term care during retirement.
The Ministry of Health in Singapore is working on keeping healthcare affordable and sustainable for all, with initiatives such as Age Well Neighbourhoods, which are expected to have more activity centres, home services, and healthcare.
Key financial worries include managing cost of living (62%) and healthcare expenses (54%). Marital status plays a significant role in retirement outlook: more married individuals have a positive outlook than single counterparts. Single individuals face unique challenges, expressing greater worry about lack of caregiving arrangements, becoming isolated, and cognitive decline.
AIA Group Limited, a pan-Asian life insurance group, had total assets of US$328 billion as of June 30, 2025. The company's commitment to improving the health and wealth of the community is evident in their ongoing research and initiatives such as the AIA Live Better Study.
As Singaporeans navigate the complexities of planning for retirement, it is crucial to consider all aspects of wellness, from physical health to social connections, and financial stability to insurance coverage. The AIA Live Better Study provides valuable insights into the retirement landscape in Singapore and serves as a reminder for all to start planning for their golden years today.
Read also:
- Strategizing the Integration of Digital Menus as a Core Element in Business Operations
- Financial Actions of BlockDAG Following Inter and Borussia Agreements: Anticipating Future Steps
- International powers, including France, Germany, and the UK, advocate for the reinstatement of sanctions against Iran.
- Election contenders in Quebec city council elections believe they hold promise for success
