Singapore’s birth rate is falling and ‘throwing money’ at the problem won’t solve it
PUBLISHED SUN, SEP 17 20238:21 PM EDTUPDATED AN HOUR AGO
Charmaine Jacob@CHARMAINEMJACOB
WATCH LIVE
KEY POINTS
- Singapore’s birth rate hit a record low in 2022, after years of consistent decline.
- The biggest reason for this shift is how notoriously expensive it is to live in Singapore, and the high cost of living continues to steer many away from expanding their family, analysts told CNBC.
- Although there are a slew of government policies aimed at encouraging more couples to have children, “throwing money” at the problem will not solve it, said Wen Wei Tan, analyst at the Economist Intelligence Unit.
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