With increased life expectancy and evolving career paths, PM Lawrence Wong emphasizes lifelong learning to adapt and thrive.
As Singaporeans embrace longer lifespans and more dynamic career trajectories, Prime Minister Lawrence Wong highlights the pivotal role of SkillsFuture in seizing new opportunities. Through tailored programs, the initiative supports individuals at every stage of their professional journey.
Adapting to Longer Careers
Addressing the nation in a video on 12 November, PM Wong stressed the importance of lifelong learning as life expectancy approaches 85 years. With more people likely to live into their 90s or beyond, traditional career patterns are shifting. Singaporeans can expect multiple transitions and career switches throughout their lives.
“Life today is no longer about a linear path of work and retirement. We must adapt to this reality and use the extra time we have wisely,” he noted.
Support for Mid-Career Workers
Recognizing the challenges faced by mid-career professionals, particularly those over 40, SkillsFuture Level-up Programme offers an additional $4,000 in credits. From 2025, individuals aged 40 and above can receive training allowances of up to $3,000 monthly for 24 months, facilitating full-time study in fields like education, social work, or the arts.
The program also subsidizes diplomas at institutions such as polytechnics and the Nanyang Academy of Fine Arts, enabling workers to reskill and pursue new interests.
Assistance for Jobseekers
For those retrenched, the SkillsFuture Jobseeker Support scheme launches in April 2025. It provides up to $6,000 in temporary financial aid over six months while they access training credits and other resources to reskill and find new employment.
“This comprehensive support package ensures individuals can bounce back stronger,” PM Wong assured.
Addressing Job Security Concerns
Despite Singapore’s low unemployment rate of 2.8% as of June 2024, PM Wong acknowledged the anxiety surrounding global economic uncertainties. Budget 2025 will focus on job security and the rising cost of living, continuing enhancements to SkillsFuture announced in Budget 2024.
Rethinking Work and Retirement
Reflecting on societal shifts, PM Wong noted that in Singapore’s early years, life expectancy was 65, with retirement around 55. Today, longer lifespans demand a re-evaluation of work and leisure.
“To live a life filled with purpose, we must stay active, healthy, and committed to continuous learning,” he said.
With government backing and programs like SkillsFuture, Singaporeans are equipped to navigate evolving career landscapes and make the most of extended lifespans.
