I came to Singapore when I was young, and eventually became a resident here.
One can find many good things in the country, a wealth of job opportunities, an excellent public transportation system, a world-class education system, and a multicultural society.
High cost of living
On the other hand, the cost of living in Singapore is one of the highest in the world, making it difficult for many to make ends meet.
I am one of those people who find it hard to make ends meet in Singapore. I have been living in Singapore for the past five years and I have yet to make enough money to save for the future.
I am not alone in this predicament; many of my friends are also struggling to make ends meet in Singapore.
The average salary in Singapore is around S$3,500, which is not enough to cover living expenses, let alone save for the future.
Even if I were to take on a second job, it would not make much difference since the wages are not much higher than the first job.
Many live paycheck to paycheck
The result of this is that many Singaporeans are living from paycheck to paycheck and are unable to save for the future.
This is especially true for those who have families to support. Even if one is able to save a little, it is not enough to ensure a comfortable retirement or provide for one’s children’s education.
It is not just the cost of living that is preventing Singaporeans from saving for the future; it is also the culture of spending.
Singaporeans are expected to keep up with their peers in terms of lifestyle and material possessions. This has led to a situation where people are spending more than they can afford and are unable to save for the future.
This is why I believe that Singaporeans earn how much also not enough because anyhow spend.