2021, a family of 4 needs $6500 afford standard of living vs today's probably $8000 - Printable Version
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2021, a family of 4 needs $6500 afford standard of living vs today's probably $8000 - Scythian - 29-03-2023
8 Oct 2021 "A family of four, with parents, a pre-teen and a teenager, needs at least $6,426 a month to afford a basic standard of living, a study on household budgets has found.
A family of two, with a single parent and a toddler or pre-schooler, meanwhile, needs $3,218 a month.
But a substantial and concerning proportion of working households in Singapore - about 30 per cent - do not earn enough to meet these needs."
https://www.straitstimes.com/singapore/politics/family-of-four-needs-6426-a-month-for-basic-standard-of-living-in-spore-says#:~:text=A%20family%20of,meet%20these%20needs.
RE: 2021, a family of 4 needs $6500 afford standard of living vs today's probably $8000 - Scythian - 29-03-2023
(29-03-2023, 08:18 PM)Scythian Wrote: "a substantial and concerning proportion of working households in Singapore - about 30 per cent - do not earn enough to meet these needs."
https://www.straitstimes.com/singapore/politics/family-of-four-needs-6426-a-month-for-basic-standard-of-living-in-spore-says#:~:text=A%20family%20of,meet%20these%20needs.
Today's projection could be as high as 40,%
RE: 2021, a family of 4 needs $6500 afford standard of living vs today's probably $8000 - Rubitin - 29-03-2023
Live with expected expectation if earn less.
RE: 2021, a family of 4 needs $6500 afford standard of living vs today's probably $8000 - Scythian - 31-03-2023
.
In 2021, survey was 30% living below poverty level
But with todays much higher cost of living and lesser job opportunities, probably increased to 40% living below poverty level.
How to justify being ranked among riches countries?
RE: 2021, a family of 4 needs $6500 afford standard of living vs today's probably $8000 - Scythian - 31-03-2023
.
Can an average couple combined able to earn $7,000 a month? How?
Future looks bleak