A week ago, a team of researchers from Lee Kuan Yew School of Public Policy released their research on working with a few focus group to determine the household budgets necessary for older people to meet their living needs.

This was developed based on their Minimum Income Standards (MIS) methodology.

So we see this share out a lot. But I wonder actually how many read what the report entails. For sure, the headline sounds good and it makes us wonder how that is derived.

The report is not a secret and if you Google it at LKYSPP you should be able to find it. (Ok you can find it somewhere in here)

I read the report and I thought the whole report is rather useful. I will go through later why this is. 

The whole report explains why they decide to go down this rabbit hole, and how did