In less than 20 years, when some of you are in your 40s, you may be faced with a situation where on top of paying for your parents and your own upkeep, you may also have to fork out more to support other ageing Singaporeans.
That is based on projections in the paper on citizen population scenarios released by the National Population and Talent Division yesterday.
If we were to assume zero immigration at the current total fertility rate of 1.2, Singapore would cross a demographic milestone about 13 years from now when our citizen population is expected to shrink.
That would mean fewer working-age citizens to support a growing pool of elderly citizens.
But if we increase immigration to 25,000 new Singapore citizens a year, we will be able to mitigate some of the effects of a shrinking working-age population and increasingly aged population.