This development is due to a variety of reasons. The 5Cs (coined
by our govt), the deluded goal of 'SWISS STANDARD OF LIVING' (by SM
GCT), the noble aim of reaching 1st world status (with a 3rd world
administration).
Even the upgrading carrots at every election and control of COE
prices have created a material-first society, the pursuit of a
comfortable lifestyle has been warped by our people into the
pursuit of material assets.
The more the merrier.
The more expensive = perceived 'higher status' in society.
Instead of earning enough to reside comfortably, we become deranged
money-earners and this is certainly not helped by our rising costs
of living - groceries, utilities, fuel, property etc etc.
Our low birth rates can also be linked to this factor as singles
find it easier to pursue their careers without the added burden of
family. The costs involved in starting a family are significant
enough (without being materialistic) to discourage many
Singaporeans of this generation to even consider the thought. Is it
any wonder fewer and fewer among the better-educated prefer to stay
unattached?
Just like the arrogant and empty boast of reaching Goal
2010, our purported SWISS STANDARD OF
LIVING is fast becoming more of a fantasy.