SINGAPORE: In a May 23 Facebook post, Workers’ Party MP Jamus Lim made the case again for establishing a poverty line. He said it would be a helpful tool in evaluating poverty in Singapore so that those in need of more support could receive it.
“A key difference is asset ownership. Those with capital find life much more comfortable than those who don’t. While this is true everywhere, living here is significantly harder at the lower end. This struggle may also have become worse after the pandemic; high inflation has lowered the purchasing power of incomes, and unless you’ve money set aside in special savings accounts, CPF rates haven’t kept up, making you permanently poorer.
“I find it crazy that we don’t have one. Such a line is standard worldwide, in countries rich and poor.”
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