Almost half a century after independence, Singaporeans now live the most number of years after leaving the workforce, according to the Global Sunset Index of 68 countries compiled by Bloomberg. In the world’s sixth-most expensive city, 41 per cent of more than 1,000 residents surveyed by HSBC Holdings Plc said that they haven’t saved for retirement, with nearly half of them blaming living costs for hampering efforts. In Singapore, an aging population and voter demands for more government aid for the poor and elderly have put pressure on Prime Minister Lee Hsien Loong to boost social spending even as growth slows. SMU Assistant Professor of Law and NMP Eugene Tan commented: “The ruling People’s Action Party will probably keep urging Singaporeans to take care of themselves, as any other method could impose excessive demands on the government’s coffers.”