Retrenched PMET driving for a living says he can’t afford to spend his last days in Singapore
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She wrote that she does not intend to keep her HDB flat as the government could en-bloc it at any time and compensate them below market rate, while the monthly CPF payout of $650 was not enough to cover household expenses.
“I intend to follow my friends turn over our passport / citizenship & move on like our grand parents & start new & happier life elsewhere.”
Other comments highlighted the reality that many Singaporeans are unable to retire, questioning the standard of living that Singapore provides for its citizens during their golden years and expressed concern for those who lack the financial means to retire.
One netizen commenting on the driver’s experience of being unable to secure employment despite having overseas experience, suggested that this is yet another example of how the Singaporean government is insincere when they say they want their citizens to gain overseas experience.
“This is the present-day Singapore! Working until you’re old and unable to retire! Reading this post, my heart is touched. Life is helpless.”
In response to this comment, Jeffrey Khoo offered words of encouragement, saying, “There is always a way out, never give up hope. 天无绝人之路,” which means that there is always a way out for those who persevere.
This issue has also caused frustration among young single Singaporeans who are hardly participate in the HDB housing programme and who are increasingly dissatisfied with the current People’s Action Party (PAP) government.
The recent increase of GST by 1% from 7% to 8% effective January 2023 has further pushed up food prices, as all vendors have reason to raise prices now.
The housing prices have risen significantly in recent years, and the government had to implement several cooling measures in December 2021 and September 2022, to moderate demand in the property market.
In addition, the Singapore government announced an increase in Additional Buyer’s Stamp Duty (ABSD) rates, effective from 27 April, in an effort to prioritize housing for owner-occupation.
More than 20 years have passed since 1999, and many elderly Singaporeans continue to struggle every day working to survive.
According to a Reuters’ report in 2019, many elderly Singaporeans look for jobs after retirement because Singapore’s CPF retirement saving scheme does not provide enough money for them to survive.
“If I don’t work, where will my income come from?” said 71 year-old Mdm Mary Lim, one of many elderly cleaners earning a meager wage clearing up to 400 plates a day at a foodstall in Singapore’s Chinatown.
“If I stop my work, how will I survive?”
The Singapore government announced in the Budget 2023 that it will increase the minimum monthly payout for the Retirement Sum Scheme (RSS) from S$250 to S$350 starting 1 June 2023, as part of the effort to boost retirement adequacy.
However, the Lee Kuan Yew School of Public Policy (LKYSPP) at National University of Singapore published a survey finding in 2019 that an older Singaporean above 65 years old would need S$1,379 a month to meet his or her basic needs.
https://www.theonlinecitizen.com/20...t-afford-to-spend-his-last-days-in-singapore/
www.theonlinecitizen.com
Netizen shares her plan to leave, does not intend to keep her HDB
A netizen shared the former director’s sentiment, stating that she had also planned to leave Singapore to retire happily elsewhere.She wrote that she does not intend to keep her HDB flat as the government could en-bloc it at any time and compensate them below market rate, while the monthly CPF payout of $650 was not enough to cover household expenses.
“I intend to follow my friends turn over our passport / citizenship & move on like our grand parents & start new & happier life elsewhere.”
Other comments highlighted the reality that many Singaporeans are unable to retire, questioning the standard of living that Singapore provides for its citizens during their golden years and expressed concern for those who lack the financial means to retire.
One netizen commenting on the driver’s experience of being unable to secure employment despite having overseas experience, suggested that this is yet another example of how the Singaporean government is insincere when they say they want their citizens to gain overseas experience.
Jeffrey Khoo offered words of encouragement: ‘there is always a way out’
Another comment lamented the harsh reality of “working till death” in Singapore and expressed a feeling of resonance with Jeffrey Khoo’s post.“This is the present-day Singapore! Working until you’re old and unable to retire! Reading this post, my heart is touched. Life is helpless.”
In response to this comment, Jeffrey Khoo offered words of encouragement, saying, “There is always a way out, never give up hope. 天无绝人之路,” which means that there is always a way out for those who persevere.
Ordinary Singaporeans struggle to make ends meet as cost of living continues to rise
The high cost of living has been a long-standing concern among Singaporeans, particularly with the rising prices of housing.This issue has also caused frustration among young single Singaporeans who are hardly participate in the HDB housing programme and who are increasingly dissatisfied with the current People’s Action Party (PAP) government.
The recent increase of GST by 1% from 7% to 8% effective January 2023 has further pushed up food prices, as all vendors have reason to raise prices now.
The housing prices have risen significantly in recent years, and the government had to implement several cooling measures in December 2021 and September 2022, to moderate demand in the property market.
In addition, the Singapore government announced an increase in Additional Buyer’s Stamp Duty (ABSD) rates, effective from 27 April, in an effort to prioritize housing for owner-occupation.
More than 20 years have passed since 1999, and many elderly Singaporeans continue to struggle every day working to survive.
According to a Reuters’ report in 2019, many elderly Singaporeans look for jobs after retirement because Singapore’s CPF retirement saving scheme does not provide enough money for them to survive.
“If I don’t work, where will my income come from?” said 71 year-old Mdm Mary Lim, one of many elderly cleaners earning a meager wage clearing up to 400 plates a day at a foodstall in Singapore’s Chinatown.
“If I stop my work, how will I survive?”
The Singapore government announced in the Budget 2023 that it will increase the minimum monthly payout for the Retirement Sum Scheme (RSS) from S$250 to S$350 starting 1 June 2023, as part of the effort to boost retirement adequacy.
However, the Lee Kuan Yew School of Public Policy (LKYSPP) at National University of Singapore published a survey finding in 2019 that an older Singaporean above 65 years old would need S$1,379 a month to meet his or her basic needs.
https://www.theonlinecitizen.com/20...t-afford-to-spend-his-last-days-in-singapore/
