UPDATE: Singapore core consumer prices surge to 13-year high in May. ua-cam.com/video/pigu6dGUUXs/v-deo.html For the latest news and videos follow ST on UA-cam: bit.ly/FollowST Turn on notifications 🔔 to stay updated.
A family of 3 working adults with a monthly household income of $10k is tough to sustain? Wow…. Then try to swallow this….: a family of 5 with only 1 working adult with an income of $5k before CPF deduction, supporting 2 elderly with ailments (1 having Parkinson’s with medications costing more than $200/month & 2nd having colorectal cancer adult diaper cost another $200/ month excluding medication etc)….n no choice being forced to engage a 2nd maid cos afraid 1st maid might complain to MOM of maid abuse🤦♀️ so in tat household, 1 working adult with household income of less than $5k supporting 2 elderly n 2 maids…try swallowing tat….😤
Household income of $10k monthly, which works out to roughly $3k+ income per capita is hardly low income. They should interview those on low income of earning less than $1k per capita...
Useful to see how people spend their money. Things have started to get scary about 2-3 months ago. I’m retiring soon so I’ve put in some extra effort to see what I can do. I’ve also started a UA-cam channel recently to share my methods and discoveries on how to spend less and yet maintain a happy standard of living. 😊
Talk is easy...I also know When u have children how Government keep on encouraging ppl to give birth but too little help... Frankly speaking, after all the monthly and children expenditure...more ppl hardly save much fir retirement Don't talk about university graduates pay....middle income are struggling for month end especially those with sick parents to take care also For those ppl who doesnt have such issues...it is so easy to say... Look back last two years during covid times, many got retrenchment and some got pay cut. .. Our government can't never understand what the lower and middle come voices... Only last two years, the lower and middle income basic pay gradually increase... As compare to euro, Japan...their lower and middle income are roughly around 3k to 5k...inflation are going up and recession are on the card...no matter how hard we cut down our expenditure, we are no where there as compare to many first world country...than how can we tell the world, we are first world...reflections...our government are too slow to react to revive the pay of many....resulting many older citizens struggling to meet month end need...and also have to work till very old..look at Japan....most of the senior citizens don't have to work...why because their earlier day, their pay are so high ...enough for their retirement...well ...life goes on...too develop so fast it is also not so good for everybody...the pave must be balance for that many won't struggle at the retirement age..example....for freelance, taxi drivers, grab and food panda delivery, who don't have much cpf...how...siao liao...
Managed? 😂😂🤣😂 its 9% GST, multi layered taxation. Regardless of how you save and stinge its not manageable !!! Prepare for hardship ahead as living expenses shoot up and investors leaving Singapore.
Wait till you have a family of 5. 3 kids and a wife that is not working. Daily food cost $100 a month food already cost me $3k dont talk about groceries and utility and housing
It's everyone's responsibility to make financial planning and spend wisely. It's fortunate that the caring s'pore govt provides permanent financial support for the lower income group. ❤️❤️❤️
Fully agree with you! I was panicked when I turned 55: no savings, $80k personal loans etc. Fortunately, the 'forced savings' in CPF let me have money to pay off the loans, started financial planning and save up a handsome sum of money by 62!
How about those with two kids Milk powder Child care Diapers Medical Transportation Handphone bill Conservancy Water and utilities bill Parents support allowance Groceries Insurance Own entertainment Family gathering Weekend outing Children tuition Swimming, piano, other activities
UPDATE: Singapore core consumer prices surge to 13-year high in May. ua-cam.com/video/pigu6dGUUXs/v-deo.html
For the latest news and videos follow ST on UA-cam: bit.ly/FollowST
Turn on notifications 🔔 to stay updated.
Be real ST.. majority common Singaporean living less than $2500 per month. What the heck on 10k household income.
Should interview more Low income family
Hahaha !! Ya sia !! They ask retired household .. go ask those new low income family tat jus give birth to their 1st child and bto flat right ?
A family of 3 working adults with a monthly household income of $10k is tough to sustain? Wow…. Then try to swallow this….: a family of 5 with only 1 working adult with an income of $5k before CPF deduction, supporting 2 elderly with ailments (1 having Parkinson’s with medications costing more than $200/month & 2nd having colorectal cancer adult diaper cost another $200/ month excluding medication etc)….n no choice being forced to engage a 2nd maid cos afraid 1st maid might complain to MOM of maid abuse🤦♀️ so in tat household, 1 working adult with household income of less than $5k supporting 2 elderly n 2 maids…try swallowing tat….😤
Household income of $10k monthly, which works out to roughly $3k+ income per capita is hardly low income.
They should interview those on low income of earning less than $1k per capita...
The budget breakdown is not comprehensive and probably pick the wrong family. Something very wrong with the maths in the video
Useful to see how people spend their money. Things have started to get scary about 2-3 months ago. I’m retiring soon so I’ve put in some extra effort to see what I can do. I’ve also started a UA-cam channel recently to share my methods and discoveries on how to spend less and yet maintain a happy standard of living. 😊
Should include interview indian n malay family as well
Malays? They r ok
this family average income is 10k per month,how about those families with nett income less than 2k ?
👍
I thinks you ST interview the wrong family
Should interview family of low income instead.
Talk is easy...I also know
When u have children how
Government keep on encouraging ppl to give birth but too little help...
Frankly speaking, after all the monthly and children expenditure...more ppl hardly save much fir retirement
Don't talk about university graduates pay....middle income are struggling for month end especially those with sick parents to take care also
For those ppl who doesnt have such issues...it is so easy to say...
Look back last two years during covid times, many got retrenchment and some got pay cut. ..
Our government can't never understand what the lower and middle come voices...
Only last two years, the lower and middle income basic pay gradually increase...
As compare to euro, Japan...their lower and middle income are roughly around 3k to 5k...inflation are going up and recession are on the card...no matter how hard we cut down our expenditure, we are no where there as compare to many first world country...than how can we tell the world, we are first world...reflections...our government are too slow to react to revive the pay of many....resulting many older citizens struggling to meet month end need...and also have to work till very old..look at Japan....most of the senior citizens don't have to work...why because their earlier day, their pay are so high ...enough for their retirement...well ...life goes on...too develop so fast it is also not so good for everybody...the pave must be balance for that many won't struggle at the retirement age..example....for freelance, taxi drivers, grab and food panda delivery, who don't have much cpf...how...siao liao...
High time Govt relook many its policies eg.Housing, CPF, No Industries minimum Income levels etc ..they incongruent with post Covid times..
Goverment should let all the cpf acc holder withdraw some amount of money from cpf like what its neighbours do
It's status living in this city,the higher the better ,STATUS,So others will knows all living here is super rich,
that is not a problem. Singapore is a high income country. It should be fine with the rising cost of food and energy.
ST is government mouthpiece
Managed? 😂😂🤣😂 its 9% GST, multi layered taxation. Regardless of how you save and stinge its not manageable !!! Prepare for hardship ahead as living expenses shoot up and investors leaving Singapore.
Think economy fried bee hoon is the solution and ntuc vouchers will save this family...
Wait till you have a family of 5. 3 kids and a wife that is not working. Daily food cost $100 a month food already cost me $3k dont talk about groceries and utility and housing
No kids¿
It's everyone's responsibility to make financial planning and spend wisely. It's fortunate that the caring s'pore govt provides permanent financial support for the lower income group. ❤️❤️❤️
Sidekick is back LOL
Fully agree with you! I was panicked when I turned 55: no savings, $80k personal loans etc. Fortunately, the 'forced savings' in CPF let me have money to pay off the loans, started financial planning and save up a handsome sum of money by 62!
How about those with two kids
Milk powder
Child care
Diapers
Medical
Transportation
Handphone bill
Conservancy
Water and utilities bill
Parents support allowance
Groceries
Insurance
Own entertainment
Family gathering
Weekend outing
Children tuition
Swimming, piano, other activities
nobody forces u to have kids and a lot of things is choice based. No money u still wanna learn piano? What generation are u from?
Wow keeping up with the times
ST presents
rich majority
Poor minorities
Most problems minorities
Some problem.. got where
Why?