We have all loved huddling next to our grandparents and listening to fascinating tales about what a cent could buy back then. Years later, we grew up and facepalmed our naïve selves for being oblivious to the impact of inflation. A dollar can buy what a cent could buy back then and ten dollars will buy what a dollar can buy now. This is the cold hard truth of inflation, and Singaporeans of all people know what it’s like to live in an exorbitant economic climate. In fact, it recently earned the distinction of becoming the most expensive city in the world.

The Consumer Price Index has grown by a steady 4%-5% annually over the past few years, which means that the price of goods has risen by the same percentage too. If we assume that the CPI follows the similar pattern of growth over the next decade, then your ......