if you earn so much in your 50s but don't have the energy to spend and or no chance to spend, then what is the point either?
I've never met anybody who is challenged in the way you describe. It's at least very rare. Spending money is not a problem. Usually you spend more money when you're pressed for time, not less. As examples, busy people tend to spend more on restaurants, childcare, domestic services, private jet travel, and taxis.
If you want to argue that working people (whether paid or volunteer) have less non-working
time, that's tautologically true. There are two ways to solve that problem, if it's a problem,
if it's financially possible to solve. One way is to work less, and thus free up more non-working time. Hiring somebody else (a nanny, a chef, a personal assistant, etc.) is one way to work less. The other option is to make work more like non-work, i.e. to find something you enjoy doing more.
So many news nowadays of people dying at a young age of 18, 20+, 30+.
There's so much "news" because that event is less common now than it was at any point in Singapore's entire history! People are living longer and healthier lives today. Life expectancies keep hitting new records in Singapore. Singaporeans are dying much less often from heat exhaustion, infectious diseases, childbirth.... the list goes on and on. What world are you describing here? It isn't today's Singapore.
Yes, I know, newspapers (and their online cousins) like to sell advertising and love such stories, but today's mortality statistics are better than they've ever been. Which is not an argument to skip essential insurance needs. Such risks are lower but not zero.
furthermore, not everyone has the ability to earn that much even in their peak.
No, but the amount of manual labor that Singaporeans do keeps decreasing. The trends are more in favor of (on average) older and more experienced, highly skilled workers now compared to the past, when labor was much more physically demanding on average, putting a premium on young adults in their prime physical years.
I think you're really trying to make
ex post facto arguments explaining why many Singaporeans prefer early retirement, but they're not based on real factors. Frankly there's only one major driver here: Singaporeans continue to get wealthier on average, and some of them are choosing to drop out of the labor market simply because they can afford to do so and prefer it. If you can afford to drop out of the labor market partially or fully, and if that would make you happier, great, go for it. No further explanation or justification required.
