I was reading about American spending habits, and I reflect upon Singaporean spending habits. I hear/read stories about people who generally complain about not being able to save or retire. That they are being priced out of the system, they can't make ends meet. And there's always 2 sides of the argument. On one hand, there are people who blame the individual. Saying that people shouldn't be spending on Starbucks, iPhones, and that their spending habits are the reason why some people remain poor and aren't able to save or retire. On the other hand, there are people who believe that wages haven't increased by much throughout the years, whereas the prices of stuff, housing, food, etc have increased by much more than wages. So mathematically, housing, food and other essentials are taking up more percentage of our income as compared to previous generations. We always hear stories about our parents generation where they can raise...