Personal Finance
Josephine Teo’s data of Singapore Elderly’s Low CPF Payout is Depressing. Still, it meets the CPF’s Expectations of how much in our CPF we Should have
By Investment Moats  •  March 13, 2019

NCMP Professor Walter Theseira asked Minister Josephine Teo how much is the average Singapore elderly getting in their CPF payouts after they turned 65 years old

And Josephine Teo replied that 74% had monthly payouts under $500.

That has got to make a good headline. And it is such a good headline that The Online Citizen will need to write about it. 

You got to be kidding me if you think I can survive on $500/mth. 

Josephine Teo provides further break down on the amount that each elderly age group have gotten:

This looks really poor, and you wonder how the elderly could survive with this amount. That is like $900/mth for 2 person. We will revisit this perhaps later.

I felt that there are some data that is provided by Josephine Teo that was not broken down properly.

Josephine Teo updated that of those elderly that received payouts,

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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