Another Beginning of the Whiteaura

It seems like people in my generation will find it hard to retire when they grow old. And this will become a problem for the government of the future generation to tackle.

Housing may be one of the main culprit for the whole mess. A normal 4 room flat cost about $400k now. Which means that a typical person will be set back by at least $400k when he retires. And that is without inflation into the picture.

In 30 years time, when my generation is about to retire, we will find that we have not much CPF money in our account. Even if we have, the money is about $400k lesser than what it should be.. That's about half a million. To know how much is half a million, it's 152 years worth of chicken rice, assuming having it 3 times a day, $3 per plate. This will not be a problem as long as we work till we die. However, before a person dies, our body will break down first and we will find ourselves visiting the hospital more than we should, which will cost more n more expensive. With no money but in need of medical aids, this will eventually end up on the shoulders of the government at that time.