Heart of the Matter Podcast: Do high cost of living concerns in Singapore affect everyone the same way?
With inflation impacting many daily purchases, what can Singaporeans do to cope with the rising cost of living? Our guests share how they're adjusting.
From groceries to electricity and water prices, many Singaporeans are feeling the pinch as inflation stays stubbornly high. Is the sandwiched generation hit as hard as those in the lower-income group? And how far can government support go?
Otelli Edwards gets answers from Ong EeCheng, senior lecturer at the National University of Singapore, Ava Gao, a parenting coach and mum, and Loh Yong Cheng, lead of the advisory team at Providend.
Loh Yong Cheng on how he lowers his household expenditure:
We might not be able to control our bosses (in) giving us a salary increase, but when we look at our expenses, we can manage some expenses through our budgeting effort.
Ong EeCheng on why prices are increasing:
It is true there are macroeconomic factors, socio political events, but you (also) have firms setting ... excessive profits. I call it a paradox of capitalism.
Jump to these key moments:Â
- 2:05 What is causing prices to rise
- 6:18 The role big businesses play in setting price
- 10:00Â Wage increases not matching inflation
- 11:45 How much do government handouts help?
- 16:28Â Personal choices matter
- 20:45Â Wish list for more help
Source: CNA/ta
