Since young, my parents would say that I should study hard, get a degree, and then a good job so I can live a better life. Source: giphy It’s the idea of meritocracy where we can rise from low to high SES through sheer hard work. But as adults, we now know that it isn’t as simple as they made it out to be. Recently, researchers in an article published by Today revealed that Young Singaporeans not only have lesser but also a harder time accumulating wealth than the older generation. It seems that the ‘escalator’ of social mobility is slowing down or perhaps even broken. Why is that so and what does this mean for young Singaporeans like you and me?

Social Mobility and Socioeconomic Status

The topic of social mobility has been a hot-button issue as of late and is more commonly described with...