Young Singaporeans: The Singapore Dream is Dying

[Dr Christopher Cheok C S]

Mudlanders sure are treated well in Singkieland
https://www.freemalaysiatoday.com/c.../surge-in-economic-emigration-raises-concern/

Our HDB and property prices are very high now, this is an exit option for many foreigners Malaysian/Indian/China PRs and local seniors to leave Singapore but such two-track economy is leaving many behind, particularly young adults and our future generation.

Unless you are a civil servant and iron-bowl and guaranteed annual bonus, it can be absolutely soul crushing when there simply is not enough money month after month even though you are working as hard as you can, if you start a family. This is why many choose to remain single now.

 

[Dr Christopher Cheok C S]

Other than finding overseas trip more affordable (because of our strong currency), our young will soon realize that there are even more pain and suffering are ahead. We should be be ashamed that we are also leaving behind a massive debt for them to inherit. In five years, we doubled our government debts:

https://www.ceicdata.com/en/singapore/government-debt

What are the consequences of a high national debt?​

• As the national debt grows, it diverts resources away from productive investments and savings.
• A larger debt burden requires more interest payments. Ultimately, this leads to higher taxes or spending-cuts in critical-areas such as education, healthcare, infrastructure, etc.
• Excessive debt can lead to concerns about currency stability.

 

[k1976]

Not likely, all the PMET transformed to become healthcare workers, grab driver, food delivery, security guards, unemployed or even become part time workers, will still not vote oppies, as they are receiving CDC vouchers

OMG, They know Oppies are liars and ah siao??

 

[k1976]

Our HDB and property prices are very high now, this is an exit option for many foreigners Malaysian/Indian/China PRs and local seniors to leave Singapore but such two-track economy is leaving many behind, particularly young adults and our future generation.

Unless you are a civil servant and iron-bowl and guaranteed annual bonus, it can be absolutely soul crushing when there simply is not enough money month after month even though you are working as hard as you can, if you start a family. This is why many choose to remain single now.

Coolie genes are bag holders

 

[k1976]

Other than finding overseas trip more affordable (because of our strong currency), our young will soon realize that there are even more pain and suffering are ahead. We should be be ashamed that we are also leaving behind a massive debt for them to inherit. In five years, we doubled our government debts:

https://www.ceicdata.com/en/singapore/government-debt

What are the consequences of a high national debt?​

• As the national debt grows, it diverts resources away from productive investments and savings.
• A larger debt burden requires more interest payments. Ultimately, this leads to higher taxes or spending-cuts in critical-areas such as education, healthcare, infrastructure, etc.
• Excessive debt can lead to concerns about currency stability.

Leememeber, Good Debt vs Bad Debt?

 

[k1976]

No point complaining , 60% voted for it.

Next Erection will see 80% de woh, right Boss John?

 

[Dr Christopher Cheok C S]

Next Erection will see 80% de woh, right Boss John?

If you keep voting for the same people. You get the same results

 

[batman1]

Any clear-minded young will blame our generation for wrecking the country by accepting the government's open-door policies and self-inflicted higher-cost of living like COE, HDB, GST, petrol taxes, etc.

Today, @JohnTan shared that our median income increased from $2100 to $5200 in 20 years, 150% higher
https://www.sammyboy.com/threads/pm...-reduced-from-0-42-to-0-37-majulah-pap.364132

Earlier in this thread, we calculated that we need $100000 to $165000 annnualy to live the "Singapore Dream" (reaffirmed by another cited article). So, if our median monthly income is just $5200, how many are struggling to make ends meet in their daily life? It’s the sad reality of what we live in

I also remember clearly that resale freehold properties or new leasehold condos were about $350-450psf (outskirts) but now they are $1800psf now, 400-500% increase. Their purchasing power shrunk and they got to work 30-40 years to pay off the same type/size of private property that their parents took 10-15 years to pay off. Many are seriously pissed about this, no matter how much they try they can never seem to get ahead.

There is no more incentive or motivation to study hard or work hard. .Most sinkees just lie flat and watch the world pass by.

 

[k1976]

If you keep voting for the same people. You get the same results

Leemember.....never say die
If u fail , is because u never harder enough?

A Holy Mantra for many many peepur de woh

 

[k1976]

https://www.reuters.com/markets/us/...-fall-though-not-confident-before-2024-05-14/

US Fed's Powell expects inflation to fall, though not as confident as before​

By Bart H. Meijer and Toby Sterling
May 15, 202412:16 AM GMT+8Updated 11 hours ago

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., May 1, 2024..Read more


AMSTERDAM, May 14 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday gave a bullish assessment of where the U.S. economy stands now, with an outlook for continued above-trend growth and confidence in falling inflation that, while eroded by recent data, remains largely intact.

"I expect that inflation will move back down ... on a monthly basis to levels that were more like the lower readings that we were having last year," Powell said at a banking event in Amsterdam.

 

[k1976]

https://www.reuters.com/world/china...feline-stutters-amid-sector-gloom-2024-05-14/

China's property 'whitelist' lifeline stutters amid sector gloom​

By Clare Jim and Xie Yu
May 15, 20249:29 AM GMT+8Updated 2 hours ago

A labourer works on a construction site of a residential building during a hazy day in Hangzhou, Zhejiang province, March 17, 2013. REUTERS/William Hong Purchase Licensing Rights, opens new tab

• Summary
• Companies

• New project loans approved from late March, but in tiny volume
• Banks push back on new lending despite Beijing's repeated nudges
• Slow 'whitelist' progress adds to challenge of home completion

HONG KONG, May 14 (Reuters) - When China's local governments began compiling a "whitelist" of housing projects for loans earlier this year, troubled developers hoped it would open a spigot of credit for a sector that remains a major stumbling block to a broad economic revival.

Four months later, new funding is only coming by the drip, reflecting the deep-seated caution about the outlook for China’s residential property market, according to Reuters interviews with bankers and developers.

Banks have been reluctant to heed Beijing's repeated nudges to bolster credit to the embattled sector given the risks of more bad loans, further undermining confidence in the crisis-hit property market seen as crucial to shoring up a shaky economy.

New loans were only approved since late March, according to the sources, which surprised companies and investors who had expected fresh lending for developers at the start of the 'whitelist' programme months earlier.

 

[k1976]

Lai Lai Lai...买定离手

 

[k1976]

Young Gen Sinki fav huat big big activities?

 

[k1976]

Many many char siew nowadays

 

[k1976]

Savvy investor in Soccer Industry

 

[Dr Christopher Cheok C S]

Leemember.....never say die
If u fail , is because u never harder enough?

A Holy Mantra for many many peepur de woh

The holy mantra of their job is basically to lie all day everyday.

 

[Loofydralb]

Leemember.....never say die
If u fail , is because u never harder enough?

A Holy Mantra for many many peepur de woh

Why work hard when at the end of the day PAP takes it all away from you and your spawn?

 

[Dr Christopher Cheok C S]

World Happiness Report - Our youths are much more unhappy than Seniors
https://worldhappiness.report/ed/2024/

Singapore Senior Happiness Ranking: 26th
Singapore Youth Happiness Ranking: 54th

 

[oliverlee]

Dream ki lan jiao. When all you do is serve some dead fuck’s legacy. Bred and born Sinkies should all have a diaspora, let those who love cheebais deep deep come here with their ah pa ah ma and serve them. Do what the Hongkies are doing

 

[mojito]

No no no. Ur definition of Singaporeans just need a little adjustment.