Health

Healthspan barometer: evaluating public perspectives on healthy ageing in Singapore

November 25, 2024

Global

Healthspan barometer: evaluating public perspectives on healthy ageing in Singapore

November 25, 2024

Global
Neeladri Verma

Manager, Health Policy and Insights at Economist Impact

Neeladri Verma is a manager with Economist Impact's Health team. She leads customised research projects for international healthcare clients, from ideation to execution. She works with multiple stakeholders and manages multidisciplinary teams, conducting quantitative and qualitative analyses across health priority themes.

Dr Verma has a rich and diverse background in health and research, focusing primarily on the Asian markets. A dental doctor by trade, she also holds an MBA from the University of Hong Kong. Prior to joining Economist Impact, she worked as a consultant at a boutique healthcare management consulting firm in Hong Kong, conducting research and strategic analyses on topics such as vaccine procurement, the role of the private sector in health reforms, health system appraisals, and multisectoral approaches to health policy.

Healthspan barometer: evaluating public perspectives on healthy ageing in Singapore

The Healthspan barometer: evaluating public perspectives on healthy ageing in Singapore is a report sponsored by Prudential and produced by Economist Impact to understand how Singaporeans view their health and longevity. This study is timely, given the increasing life expectancy in Singapore, which averages 84 years, compared with a healthy life expectancy of only 74 years.1 This gap highlights the need to explore healthspan—the years lived in good health—beyond lifespan.

The report is based on a survey of 1,014 Singapore residents aged 20 to 70, conducted in July and August 2024. It examines the factors influencing healthspan through three main pillars: individual resilience, financial planning, and social structures. Each pillar addresses key components that contribute to healthy ageing. Individual resilience focuses on physical and mental health, while financial planning stresses the importance of saving for future healthcare needs. Social structures consider the role of community support and environmental factors in promoting healthy ageing.

Three Pillars of Healthspan

Key findings reveal:

  • Singaporeans are increasingly aware of the importance of maintaining health into old age, but many, especially Gen Z, worry about sustaining physical and mental independence. There is a gap between awareness and active participation in health initiatives.

  • Financial security is vital for healthy ageing, with many relying on personal savings and government support. However, less than half are saving specifically for healthcare, leading to financial anxiety about ageing well.

  • Social structures, such as community support and age-friendly environments, are acknowledged for their benefits but are not seen as critical by many. 

The insights gathered from this research point toward actionable recommendations for stakeholders within Singapore's health ecosystem. These include improving financial literacy related to healthcare planning, fostering private-sector partnerships to enhance programme reach, encouraging community involvement in health initiatives, and customising programmes to meet diverse needs.

This healthspan barometer serves as a crucial resource for understanding public perspectives on healthy ageing in Singapore. The report ultimately advocates for a collective responsibility towards enhancing healthspan, ensuring that longer lives are not only lived but lived well!

 

 


References

1World Health Organization. Health data overview for the Republic of Singapore [Internet]. World Health Organization Data. 2024 [cited 2024 Sep 29]. Available from: https://data.who.int/ countries/702

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