You're so old. Why are you cleaning toilets?

I have mixed feelings after reading the below article. If a senior citizen is still as fit as a fiddle, then there is absolutely nothing wrong to continue working and earn some money. He or she is actively contributing to the society. If this citizen is working because to make ends meet, then it is really pathetic because in terms of health and strength, a senior can't beat a young.

Why do some people ended up having not enough for retirement when Singapore is said to be one of the countries where citizens having the highest savings rates in the world? Where did the money saved during the working active years gone to?

One of our main sources of retirement funds come from CPF. Over the years, the CPF has undergone evolutions and can be used to fund housing which our citizens deemed very crucial to have a solid roof overhead, to fund children's tertiary education since paper qualification speaks the loudest, to pay for medical bills, to purchase various insurance and investment plans etc

In the end, do we still have much left for CPF? Before we continue to spend our CPF, do consider thrice. Though we don't see this CPF, it does not mean it does not exist and it is mainly meant for our old age.

source: www.straitstimes.com/Free/Story/STIStory_233804.html