09-10-2021, 08:20 PM
SINGAPORE — A study by a team of researchers has suggested that for households to reach the incomes they need for a basic standard of living, working parents with two children aged two to 12 will need to each earn $2,906 a month.
The study, titled What People Need in Singapore: A Household Budgets Study, also deduced that married couples with two children aged seven to 18 will need at least S$6,426 a month to meet their household’s basic needs.
For a single parent with a young child aged two to six, they will need at least S$3,218 a month to meet theirs.