High living standards should ideally beget high paychecks; however, status quo does not dance to the tunes of utopian economic ideals, and people often end up being sacrificial lambs to the monster of inflation. Thanks to saturation in the job market and rising inflation, the see-sawing struggle for financial prosperity in Singapore is heating up more and more every day as people are finding it hard to cope up living in the world’s most expensive city.
Yes, no one can deny that Singapore is a bastion of economic progress in Southeast Asia; however, recent trends in its working class population has revealed some disturbing trends simmering under the skin-deep veneer of financial affluence. A recent survey carried out by Jobstreet.com exposed that nearly 83% of Singaporeans were unhappy with their pay packages and felt more entrapped by the chokehold of debt than ever before. According to the report, ...
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