Singapore was ranked as the world’s most expensive country in 2017. Singaporeans generally complain about it over a few months but it becomes an afterthought soon after. You squeeze in the MRT in the morning and give yourself a reason to go to work. That reason is the Modern Day Poverty Cycle. It was actually brought up by our community who asked a question anonymously on our Facebook group. It further led to thoughts on the idea of the typical Singaporean story of being Asset Rich and Cash Poor. The Modern Day Poverty Cycle Upon starting work, you are already in some form of debt. And by the time you reach 30, a typical Singaporean couple would have to work towards paying down over $400k+ of debt if you apply for a public housing option. The first 15 – 20 years of working life: Student, housing loans pile up Start to earn ......