There is a critical gap between retirement aspirations and readiness, with social connections emerging as an unsung hero for a fulfilling later life according to a new survey AIA Live Better Study.
The eighth edition of AIA Live Better Study published in September 2025 reflects the evolution of mindsets where retirement in Singapore is being perceived as a new chapter of reinvention and purpose.
This aligns with the government's ongoing emphasis on active ageing and empowering Singaporeans to lead fulfilling lives well into their golden years, as recently highlighted in the National Day Rally 2025.
The report, however, also found that a significant disconnect exists between these evolving aspirations and the practical steps Singapore residents are taking to prepare. The study reveals a slight dip in overall holistic wellness (from 61.5% to 60.3%) compared to last year, highlighting persistent challenges for Singapore residents across mental, social, financial, and physical well-being. This gap underscores the urgent need for greater support and education, a sentiment that resonates with Singapore's broader efforts to strengthen social safety nets and enhance community resilience.
The survey for the current edition was conducted in May 2025 and it continues to investigate the current state of wellness and goal-setting behaviours across physical, financial, mental, social, and spiritual aspects of Singapore residents. This is set against the backdrop of significant uncertainties in the global economy in 2025 as consumers navigate these challenging times.
AIA Singapore chief marketing and healthcare officer Irma Hadikusuma said, “The traditional view of retirement as a period of passive rest is rapidly evolving, aligning with the national call for seniors to remain engaged and contribute meaningfully.
Ms Irma said, "Singapore residents are increasingly envisioning a purposeful and active post-career life, yet our study reveals many are not adequately preparing for this new reality. This highlights critical areas where more support and education are needed – particularly around financial readiness, physical health, and crucially, the often-overlooked power of social connections – all vital pillars for the holistic well-being the government also champions."
While consumers envision retirement as a period to enjoy, only 1 in 2 (47%) feel optimistic about achieving their desired lifestyles. A striking insight is the motivation for post-retirement work:
1 in 2 (55%) Singapore residents plan to work upon retirement (part-time, full-time, or starting a business). Less than 3 in 10 (28%) are doing it purely for financial reasons. 27% seek a sense of purpose, 26% aim to cure boredom, and 18% desire to try something new.
This signals that retirement is increasingly being seen as a phase for personal growth and continued contribution, echoing the government's vision of an active and contributing senior population, and not just a cessation of work.