Is CPF a scam?
Yup, Yes, it is!

But it’s the people scamming the Government.
Okay, that’s an exaggeration.
But hey, now that we have baited you in, keep reading πŸ˜‰.

1. What Kind of Scam is CPF?

It’s a huge financial scam!
The people are “scamming” the Government!
The people are “taking in too much” from the Government in their CPF accounts.

Source:Β GIPHY


Recommended Read:Β If You Invested Right After DBS’s IPO

2. Public Narrative onΒ 

IΒ  hear people say that the Singapore Government is using its people’s money in CPF to earn big investment returns while paying low interest to its people.

Interest ranging from 2.5% to 6% is considered low?

Source:Β GIPHY

Money in our CPF is kept risk-free and backed by the only few AAA credit rated countries left in the world.
There aren’t many countries in the world with that creditworthiness that’s paying interest rates of 4%.