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SMU Launches the Longevity Societies and Economies Institute

In a pivotal move addressing the challenges posed by an ageing population, Singapore Management University (SMU) has recently inaugurated the SMU Longevity Societies and Economies Institute (LSEI). This institute, launched on April 14, 2026, aims to consolidate existing research on ageing and undertake interdisciplinary efforts to better understand and address the economic and social transitions required for a resilient future. The event took place at the World Ageing Festival 2026, with notable attendance from government officials, including Ms. Indranee Rajah, Minister in the Prime Minister's Office.

A Response to an Ageing Society

Singapore is currently recognized as a super-aged society, where by the year 2030, it is anticipated that one in four citizens will be aged 65 or older. This demographic shift inevitably brings challenges, particularly in labor supply, healthcare demand, and community support frameworks. The LSEI is established to systematically study these trends and deliver evidence-based solutions to ensure economic sustainability and social inclusivity.

Building on Established Research

The LSEI leverages SMU’s strong foundation in ageing research, notably the Centre for Research on Successful Ageing (ROSA) and the Singapore Life Panel®, renowned for tracking well-being and financial outcomes. By integrating various university initiatives, the institute seeks to translate extensive research into actionable insights for various stakeholders, including government agencies and community organizations. SMU has committed over S$10 million for multi-year support of LSEI and aims to attract additional external funding to expand research aligned with national objectives outlined in the Research, Innovation and Enterprise (RIE) 2030 Plan.

Addressing Longevity through Innovative Solutions

The LSEI will focus on interpreting research findings within multiple disciplines, including economics, sociology, and technology, to develop strategies addressing the implications of increased longevity. Professor Lily Kong, President of SMU, emphasized the necessity for institutional frameworks to evolve alongside changing demographics, pointing out flaws in current systems that inadequately reflect the realities of extended lifespans. She highlighted the disconnect between societal expectations of ageing and the actual lived experiences of older adults.

Identifying Opportunities within the Silver Economy

An essential component of LSEI's mission is to view ageing not solely as a challenge or cost but also as an opportunity—particularly within the emerging silver economy. Interim Co-Director Dr. Cheong Wei Yang articulated this perspective, underscoring the need to reframe policies and practices around ageing to foster economic and social benefits. The institute aims to study longevity from various aspects, including labor productivity and community engagement while also prioritizing the mental and social well-being of older adults.

Research Pillars for Future Adaptation

LSEI's research framework is organized around two central pillars: Building Longevity Economies and Cultivating Holistic Well-being. The first pillar focuses on how labor markets and retirement systems adapt to an ageing population, highlighting areas such as workforce participation among older adults and employer practices. The second pillar examines both preventive health behaviors and social participation over the life course, identifying how public policies can enhance individual support throughout different life stages.

Insights from Current Research

A recent research project led by Professor Straughan explored how retirement impacts social connectivity among older adults in Singapore. The study revealed significant differences in how retirement affects men and women concerning their sense of purpose, with findings suggesting a need for enhanced community support systems to assist retirees, especially males who experience a marked decline in their sense of contribution post-retirement. These insights highlight important areas for policy intervention aimed at fostering purpose among older citizens.

Strategic Partnerships for Enhanced Outcomes

To achieve its aims, LSEI has partnered with several key stakeholders, including government departments and community organizations like Lions Befrienders and St Luke's ElderCare. These collaborations will facilitate joint research and initiatives centered on community care, aging outcomes, and the engagement of mature workers, further bridging the gap between research findings and practical application in society. Through these alliances, the LSEI endeavors to integrate evidence into actionable strategies that address the economic and social needs of an ageing population in Singapore and beyond.

In conclusion, the launch of the SMU Longevity Societies and Economies Institute marks a significant step in addressing the profound challenges associated with an ageing society while also creating pathways for growth and innovation within the silver economy. With a multidisciplinary approach and strategic partnerships, LSEI has the potential to drive meaningful change in Singapore's transition toward a longevity-rich future.