Quantifying Lifetime Income and Retirement Adequacy Impact of Extended Caregiving Interruptions

Ms Mariam Jaafar asked the Minister for Manpower whether the Government has quantified (i) the lifetime income and retirement adequacy impact of extended caregiving interruptions and (ii) how these effects may accumulate across generations.

We are unable to and do not track whether, how long and how often individuals take employment breaks for caregiving as these are personal family arrangements. Hence, we are unable to quantify the specific impact of caregiving duties on lifetime income and retirement adequacy.