Longer life expectancy, along with a low fertility rate, has resulted in a rise in the country's elderly population. As a result, the workforce in the city state is quickly diminishing, putting economic strain on the region. Singapore's workforce is increasingly aging. Employees over the age of 50 will be the fastest increasing group between 2016 and 2030, with their numbers expected to climb by 55 percent, accounting for 40 percent of the workforce.
