• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Chitchat Married Sinkies With 2 Kids Need $3k A Month To Live Reasonably!

Last time say $1,000 per month income can buy HDB flat....and now each child cost extra $1,000 per month to feed. Huat ahhh !!!!!
 
bobby said:
Last time say $1,000 per month income can buy HDB flat....and now each child cost extra $1,000 per month to feed. Huat ahhh !!!!!
Click to expand...
Now you know they have at least 1 mouth and you only have 1 to survive on.
You can't out talk them.
 
if it takes around $5800 per month for a family of 4 to achieve a living wage, then roughly one third of households in Singapore survive on less than a living wage. and that's assuming a family with young kids as the cost of raising them rises with age.

1. wages are not rising fast enough.
2. living costs are not dropping.

so that only leaves raising GST again to help the poor.

don't need an exceptional million dollar cabinet to do that. any fool can raise taxes.
 
JohnTan said:
View attachment 124555

SINGAPORE: The “reasonable starting point” for a living wage in Singapore is S$2,906 a month, according to a study by the Lee Kuan Yew School of Public Policy.

This figure is based on the average budget for a couple with two children, assuming both parents are employed full-time. The figure is also adjusted for taxes and all universal and major means-tested benefits.

“The median work income among all workers in 2020 exceeded this amount by 50 per cent, but the current PWM (Progressive Wage Model) wages fall significantly below,” said the school in a media release on Friday (Oct 8).

The Progressive Wage Model aims to lift the salaries of workers by various sectors through upgrading their skills and improving productivity.

The study found that the costs of education and care “dominated” the budgets for children’s needs.

“While some costs associated with children decline with age, others increase sharply. As current measures supporting education and care taper off for older children, parents are likely to face greater financial strain as their children grow up.”

Researchers also found that current public housing policies "effectively double” housing costs for single parents who have never married, compared to partnered, widowed or divorced parents.

The research team includes: The head of the Social Inclusion Project at the Lee Kuan Yew School of Public Policy Dr Ng Kok Hoe, and Nanyang Technological University Assoc Prof Teo You Yenn, author of This Is What Inequality Looks Like.

DETERMINING BUDGETS
The team built on a general definition of basic needs determined in their 2019 study, which investigated budgets necessary for older people living alone or with a partner.

Focus group participants then generated lists of items and services related to several fields, including housing and utilities, food, transport and social participation. They considered the needs of children according to gender and age group.

Researchers only included items and services if participants agreed that it was a basic need and could explain why. Participants also agreed on when and how family members could share items.

The team found that in 2021, a single parent with one child aged between two and six needed S$3,218 per month to meet their basic needs.

Meanwhile, partnered parents with two children, one aged between seven and 12 and the other aged between 13 and 18, needed S$6,426 a month.

A single elderly person needed S$1,421 a month.

According to the report, the budgets for the two working-age households work out to about S$1,600 per household member.

“As the average work income per household member for the third decile group of employed households in Singapore in 2020 is S$1,609, this indicates that 30 per cent of working households earn less than required for these two types of households to meet their basic needs.”

“These two waves of research give us a comprehensive view of basic needs across the life course,” said Dr Ng.

“They provide a concrete benchmark and starting point for discussing how people may achieve the incomes they need, including allowing us to calculate a possible living wage.”

“MAY NOT BE AN ACCURATE REFLECTION OF BASIC NEEDS”
In a statement issued on Friday, the Ministry of Finance (MOF) said: “Anyone reading the LKYSPP report should bear in mind the limitations of the approach used. The conclusions may not be an accurate reflection of basic needs largely due to assumptions used.”

The ministry noted that the methodology used is “highly dependent” on group dynamics and profile of the participants.

“With most participants having post-secondary education and 15 per cent living in private properties, the findings expressed may not be reflective of the circumstances of the lower-income families,” it said.

For instance, estimates included discretionary expenditure items such as private enrichment classes, jewellery, perfumes and overseas holidays, said MOF.

“The study also did not take into account alternatives, such as MOE (Ministry of Education) student care centres and the various self-help groups, which provide enrichment classes for those who need them at low cost.”

The ministry added that researchers considered mortgage payments for flats as expenditure items, but “downplayed” the fact that non-interest components of such payments are “more akin to savings that help households build up valuable housing equity”.

Highlighting the finding that each household member in working-age households should have about S$1,600 per month, MOF said that the number is “in fact closer to what an average household spends”. This is based on the Household Expenditure Survey 2017/2018, it said.

“This means that it is in excess of basic needs for an average household.”

MOF also said that the report understated the amount of Government subsidies and financial support received by low-income families.

“The amounts reflected in the report are what median earner receives, not low-income families,” said the ministry.

It added that the report offers additional data points on the expectations and aspirations of Singaporeans, “which will continue to evolve over time”.

“The Government is sensitive to these shifts and regularly reviews our scope and coverage of assistance to ensure it is relevant and adequate,” said MOF.

https://www.channelnewsasia.com/sin...nt-living-wage-singapore-lkyspp-study-2230071
Click to expand...

This study actually makes no sense and goes against basic intuition. You can find the breakdown in how they arrived at the $6,426 a month needed for a family of four in the ST report here https://www.straitstimes.com/singap...family of four,on household budgets has found.

If you look at the line by line items assumptions imputed, they look more like a typical middle class Singaporean spending rather than so called "basic needs". I found quite a number of very glaring out of whack items (I converted the weekly numbers to monthly as most people tend to think per month instead of per week).

Assumption used in computing monthly cost of basic needs for family of 4:

1) Eat at hawker / food court - $1,025 That's overly dramatic, why would one need to spend over $1k a month on hawker food as a basic need!? Bear in mind there is already another item of $445 for general food & beverage.

2) Clothing - $1,025. Basic needs is spend over $1k per month on clothes! WTF is this?

3) Shoes/Slippers - $191. What sort of shoes/slippers a household need nearly $200 a month as a basic need?

4) Communication - $151. Er... I'm sure basic plans for mobile and internet don't cost that much...

5) Newspaper/Books/Stationary - $492. Must be whole family PhD researchers, how many newspapers and books you need to clock up almost $500 a month? Worse is this item doesn't even include school text books and assessment books which is a separate item.

6) School text books and assessment books - $496. Xiao ah, my kid text book cost like $150 PER YEAR. Do they go Popular and buy 2 cartons of 10 year series every month?

This is the spending habit of a typical middle class PME family in Singapore, definitely not what one would classify as "basic needs". In fact my own household doesn't even spend that much in some of the items. The only items that make sense in this study is no budget allocated for restaurant and statistically zero allocated for holidays.
 
JohnTan said:
Which means the food is tastier and healthier. moslems have a much higher obesity and diabetes rate compared to non-moslems.
Click to expand...
I think even if its halal, Chinese food sucks. Its starchy and carbo laden. No taste.
The diabetes part is due to being fed sugary drinks instead of water.
 
maxsanic said:
This study actually makes no sense and goes against basic intuition. You can find the breakdown in how they arrived at the $6,426 a month needed for a family of four in the ST report here https://www.straitstimes.com/singapore/politics/family-of-four-needs-6426-a-month-for-basic-standard-of-living-in-spore-says#:~:text=Politics-,Family of four needs $6,426 a month for basic standard,in S'pore, says study&text=SINGAPORE - A family of four,on household budgets has found.

If you look at the line by line items assumptions imputed, they look more like a typical middle class Singaporean spending rather than so called "basic needs". I found quite a number of very glaring out of whack items (I converted the weekly numbers to monthly as most people tend to think per month instead of per week).

Assumption used in computing monthly cost of basic needs for family of 4:

1) Eat at hawker / food court - $1,025 That's overly dramatic, why would one need to spend over $1k a month on hawker food as a basic need!? Bear in mind there is already another item of $445 for general food & beverage.

2) Clothing - $1,025. Basic needs is spend over $1k per month on clothes! WTF is this?

3) Shoes/Slippers - $191. What sort of shoes/slippers a household need nearly $200 a month as a basic need?

4) Communication - $151. Er... I'm sure basic plans for mobile and internet don't cost that much...

5) Newspaper/Books/Stationary - $492. Must be whole family PhD researchers, how many newspapers and books you need to clock up almost $500 a month? Worse is this item doesn't even include school text books and assessment books which is a separate item.

6) School text books and assessment books - $496. Xiao ah, my kid text book cost like $150 PER YEAR. Do they go Popular and buy 2 cartons of 10 year series every month?

This is the spending habit of a typical middle class PME family in Singapore, definitely not what one would classify as "basic needs". In fact my own household doesn't even spend that much in some of the items. The only items that make sense in this study is no budget allocated for restaurant and statistically zero allocated for holidays.
Click to expand...
That comes to about RM9k in jiu hu. You can live decently for RM9k. But most Malaysians earn much less.
 
Foreign PMET's esp PAP's beloved CECA have no problem to surpass this $6,426 figure.
Singapore graduates from its so called world class universities earn only around $3,000 upon graduation.
So now we know what PAP meant by world class -earning around 50% of what is required for a family of 4 and cannot compete against unknown paper holders from India.
My solution-lets CECA the whole cabinet.
 
They will play their usual semantic word games again: it is high but affordable. And then readily point out to their so-called assistance for those who need it.
 
For a family of 4, if only the husband is working is still sustainable provided the kids do not need tuition. The tuition industry is making tons of money. It is a good idea that China is tightening on the tuition industry. Singapore should follow as well. During my time, tuition was for the rich, now every family who can afford also want the children to go for tuition. If the kids pay enough attention in class & encourage to ask questions if they do not understand, they do not need tuition. The teachers are paid to teach & make the students understand, that is their job, why waste extra money on tuition. It cause the children not to pay full attention in class because they can always ask their tuition teacher to explain again. Many parents don't realize that tuition is putting extra stress on the children, after school should be their relaxation & play time.
 

Singapore’s cost of living in 2021​

Let’s quickly recap the cost of living in Singapore in 2021. Compared to its Southeast Asian neighbors like Bangkok, Kuala Lumpur, Jakarta, and more, Singapore’s cost of living is notoriously high, and even basic necessities in the city-state can set you back a considerable sum.
 
Mdm Ho says the list is wrong to classify middle class “wants”as “needs” woh...
 
Don worry ,foreigners n PRs earning more then that, once u are sinkues the clowns ask company Don need pay them so much so they cannot hv money n leave sg, so all the gong kia 61% will vote them in
 
syed putra said:
I think even if its halal, Chinese food sucks. Its starchy and carbo laden. No taste.
The diabetes part is due to being fed sugary drinks instead of water.
Click to expand...

Moslem food is more starchy. The average biryani is overly generous with the rice. Same with the rice from the nasi lemak, which is soaked in coconut milk.
 
The best is for couples to be DINKs...than 3K each couple goes a longer way..n no car..just BMW.(bus, mrt, walk)..w Grab..will save heaps.

For m&ds one whole family..2k is good enough since m&ds 'eat' at home n have 'family support'...
 
Having kids in Singapore is not only a money sink but also a selfish act. Bringing another human to this dog eat dog society is a sin.
 
You must log in or register to reply here.

Similar threads

Scrooball (clone)
Chitchat Sinkie parents sent 2 kids overseas for education - guess whether they reciprocate ?
2
Replies
26
Views
940
k1976
k1976
JohnTan
Serious It's Nearly Official! Family Of Four Don't Earn $6693 Per Month In Singapore, They Gone Fuck For Sure!
2
Replies
32
Views
4K
bushtucker
bushtucker
P
Serious 40-59 old Coolie Genes Sinkies no $$$ high in debt!
2
Replies
20
Views
1K
cocobobo
C
8::::::D
[Breaking News] PAP support PSP motion in Parliament
Replies
8
Views
436
k1976
k1976
P
Serious Foreign Talent's Wife Complain cant save on hubby's $9K Salary! Samsters Got Cry for them?
2 3
Replies
42
Views
2K
bushtucker
bushtucker
Back
Top