Commentary: How super-aged Singapore should think about financial security
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Ageing households in Singapore often have their wealth tied up in housing and savings. Daniel Mahadzir and Stanley Sia suggest these households evaluate their financial buffers. They need to ensure they can handle unexpected financial shocks.
With much of their wealth tied up in housing and CPF savings, ageing households need to consider whether they have sufficient financial buffers to weather unexpected shocks, say Duke-NUS’ Daniel Mahadzir and NUS’ Stanley Sia.