Chart of the Day: Ageing population expected to double in 2030

By that time, 1 in 4 citizens would have reached the age of 65.

In the past decade, the population has aged. According to Maybank Kim Eng, the number of citizens aged 65 years and above went from one in 11 in 2005 to one in eight in 2015.

Based on the government’s 2013 Population White Paper, this is expected to increase further to one in six by 2020. In addition, hospital admission rate increases with age.

In 2030, this is expected to increase further to one in four.