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SINGAPORE: The Housing and Development Board (HDB) said more than eight in 10 elderly households - in which the head of household is aged 65 and over - have sufficient sources of income to cover their daily expenses.
HDB's Sample Household Survey 2008 said the major sources of income cited were financial support from children and self-reliance through personal and CPF savings.
Those who said they don't have enough for their daily expenses cited the high cost of living and healthcare costs. Some also felt their incomes were too low.
HDB said over 97 per cent of elderly residents are satisfied with their flats and neighbourhood. Those who expressed unhappiness with their neighbourhood attributed it to inconsiderate neighbours.
More than 80 per cent of elderly residents are proud of their homes and do not intend to move in the near future.
- CNA/sc
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