70 Percent of Elderly Singaporeans Earn Less than S$2500 a Month

Manpower Minister Tan See Leng has revealed that 68.7 of Singaporeans above the age of 65 earn less than S$2500 a month.

Out of this a majority, or 58.7 percent, were working full-time.

This was in response to written parliamentary questions filed by PSP NCMP Leong Mun Wai.

Leong had asked how many Singaporeans above the age of 65 are still working as of Dec 2022, how many of them earn less than $2,500, $2,500 and $4,000 and above $4,000 per month, and what are the top five industries they are working in.

The top five industries employing elderly Singaporeans include wholesale and retail trade, administrative and support services, transportation and storage, accommodation and food services, and manufacturing.

Dr Tan also said that around 207,000 residents aged 65 and over were employed in 2022.

This is equivalent to an employment rate of 31.7 percent.

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