No surveys done. My argument is based on released figures in the
press by the govt. Percentage of Lower income households have
risen. Lower income households get a dip in average salaries. The
higher income groups are the top beneficiaries of the growth in the
economy, even in terms of proportion of gain(s). All the above are
facts that are published by local press, not even mentioning about
foreign press yet.
Among all the "hype" about a better economy, yet no significant
increase in births, or birth rate, meaning (babies born to female
resident ratio) also formally known as total fertility rate or
TFR.
Rising property prices benefit the higher ups more than the those
at the lower end of the pyramid. Firstly, if you don't own 2 units
of residential assets, you cannot liquidate the one you live in. In
essence, the one you live in is not an asset(depending on context
of course).
Most of the construction industry dollars are going to
Singaporeans/PRs? Dun know about that really, so not going
there.
My point is, the govt is putting up alot of good looking abstract
figures about the economy and how its doing, but then what do they
have to show with regards the bread and butter issues is the common
working middle class citizen? Even statistically? If what the press
says is true, then other than the upper income bracket households,
the rest aren't benefiting in equal proportion to the growth in the
economy(if they benefit at all).
Which may not be the only factor concerning the people who want to
have kids, but certainly and major one.
Take yourself for example, would you consider having kids if your
household income is below3-4K a month? Or would you put it off till
you can get more?
