If you ever wondered how much you need to support a basic standard of living in Singapore, you might want to take a look at this study:
Source: Whatsenough.sg
This study entitled: What People Need in Singapore: A Household Budget Study (2021) was created with the express goal to determine ‘how ordinary Singaporeans think about what constitutes basic needs in Singapore today and determines the household budgets necessary to meet these needs.’
In addition, the researchers are zeroing in mainly on two types of households, parents with two children (aged 7-12 and 13-18) and single parents with one child (aged 2-6).
Not to mention that the researchers have updated the numbers for a previous May 2019 MIS study which examined how much elderly persons aged 65 years and older and single adults aged 55-64 years old need for a basic standard of living in Singapore.
Here are the study’s key findings and our breakdown of them.
TL;DR: Cost of Living Singapore
Basically, you can say that this study is about finding out what...