This video encapsulates very well what 'affordability' or 'comfort' can mean to different people. The financial advisor bro was definitely very privileged- 10k a month allows one to live in a large home/condo in a good location, dine out often, and probably travel twice a year, and with extra savings too. Nothing wrong with that, it's just what 'a comfortable life' means to him- which are 'luxuries' to many others. It was also heartwarming to see the old lady with such a positive attitude. For one to believe that $300 is enough to lead a comfortable life in Singapore, it reflects how much is being done to take care of those in need. From my understanding, for the poor, basic necessities like housing and healthcare are heavily subsidized, and there are various support networks for these households to receive donations in the form of clothing, food and daily necessities. Many Singaporeans don't even see this side of Singapore, much less foreigners, so kudos to the Asian Boss team for this video. It helped me to appreciate what I have and not take things for granted.
I wouldn’t necessarily call the guy privileged. You definitely need 10k a month if you have dependents and bills to pay. And if you rent a place, the costs go up much higher. If you want a “large home”, you’ll be surprised to find out how much you actually need. Remember, the older lady lives alone with no housing bills to pay. While it’s commendable that the government looks after the poor, the economy cannot be sustained if everyone lived that way.
No. Only poor heterosexuals and single moms get heavily subsidized rental housing. Poor singles or same sex couples hard to get these aids. They force singles to apply with another. Ppl who cant afford to move out are forced to go homeless or put up with the toxic/abusive family because you are considered to have family support by the stupid system.
@@AndorranStairway I'd say it's all relative. I didn't mean it in a bad way- but he's definitely quite well to do. And if you believe one DEFINITELY needs 10k a month, what would those earning less than that think if they read your comment? They are plenty who earn less than that, with a family and bills to pay. Don't forget, families would usually have dual income which makes that 20k in this scenario. Agree with you on the final statement, it's a good thing that's in the minority and not everyone. But it is too far fetched to say 'if everyone lived that way' though.
Universal income for all! Support WP! Please….. we are so rich now and we are still so tough to our citizens… PAP does not want us to be lazy… fxxk it…
my biggest culture shock during my first trip to Singapore was seeing old men and women, probably in their 70s, doing menial jobs like collecting garbage etc. coming from a country where I don't always see old people work, it was such an eye opener. I was under the impression that everyone in SG is rich or live a comfortable life, so I never would have thought some Singaporeans are struggling.
On the other hand, there are also many elderlies working to occupy their time, and they are unwilling to stop because they like being able to do something. So not all of them are forced to, but there are still many that are working because they have to which I agree should not be the case
@@cass8446Yes this is also true. I went for a foot massage and had an elderly man do the job. I asked him if the elderly in SG receive good pension because I couldn't understand why the majority of the elderly kept working and he said that the government is very generous with pension, and it was in their culture to always work hard. They want to be up and about, it just means that they're still healthy.
@@Athenswinslavait might be that there aren't much things to do in Singapore after spending a whole life there, same malls, some food courts, etc etc.. so working can definitely keep one busy.
I can tell you... most of the elderlies i know work menial jobs just because they feel like it, not because they need it, i mean there is definitely those who are working to survive. But whenever my colleagues get part timers for events, there will be those old uncles and aunties who wants to work, they don't even need the money, they are retired. Especially when covid hit, gawd damn almost every elderly me and my wife knows are actually elderlies who are already on pension and have enough to retire. The best was back in my ex company, the super nice aunty who comes to clean our office twice a week is actually a millionaire, she does it because she just feel like working and chatting with people.
5:12 "200 to 300" to live comfortably... I almost cried. Everybody else answered above SGD 9000. You realized that we really have different perspective on life.
That's because she doesn't pay rent or utilities, and gets free food. She explained that already in the front part of her interview. She also doesn't have young children or elderly parents depending on her.
@@lissalow Unfortunately she has fallen into the cracks but this also shows the system is working well. The Govt in her area has identify her as a genuine case which needs support. Just Image paying Sgd26 rent with support on healthcare and she is in fact doing abit of part time work. In other parts of the world people in similar scenario would most likely end up on the streets. I'm glad she is doing her best and uplifted her life.
its not even enough to pay for utilities bill, phone bills, town council fees. Not sure why people still think $200-300 is enough to survive, we should make people make a balance sheet and expenses sheet for each month.
@@ch0892 any city in Alberta, Canada, and many others in BC In Alberta, it takes around 7 years out of highschool to save up enough money to own your own house and car in cash. with many different carrer paths to get you there. plenty of 22 and 24 year olds making between 100-150k. super easy to get jobs. has been a booming economy for the last 30 years, other than around 2 or 3 slow years.
The lady in the video is definitely an inspiration, optimism at its best, though she is in that 'bottom' tier, her spirit and attitude towards life is something we can ponder about......
@wennnnn2307 She said MP helped her to rent her place for 26 bucks per month......looks like she's in the low income group, and that's where MP comes in.
The older man with the concealed identity appears to be the most accurate assessor of current living conditions in Singapore,bravo to him for not sugar coating any of it.
not rly le, maybe cuz i've never gone through what he had but i feel like he's acting a little bit pampered. like even he say himself the govt alr give him money, like jus cuz he sgporean not even cuz he do anything. then he still has the audacity to say like "oh not enough" like bro you shd be more grateful for the handout what
I worked my way up from getting a $1600/month salary in 2004 to a comfortable salary today. I really understand the struggle. Back then I even defaulted on my mortgage. Today I'm very comfortable but I still feel the pain of the low income. That's why when I lend money to my friends or relatives, I rather just give them the money. I know they need it more than I do. Here's the thing. I've been supporting charities financially for a while now and that's the best I can do since my job requires a lot of my time and energy. So I accept that is my role in society. To use my talent, get paid and I use some of the money I earned to help others.
@@p6h14 we are lucky to be born. Even luckier to be born in Singapore. Even more lucky to have talent that can land good paying jobs. What do we do with all these luck? We share them. Unconditionally.
you are such a type of soul we lack nowadays in society , the cooperation , sense of community and unity , if the world has more people with such insight and motivation like yours we will prosper so much , may you be blessed beyond measures ❤
Hope this message can reach the lady and help her out in a tiny way. There's actually an organisation with branches around Singapore called Sian Chay that offers TCM services at little to no cost. For acupuncture, its $8 and I believe they do consider waiving such charges on a case by case basis. Alternatively, she can also look out for mobile TCM services by charitable organisations within her community as well.
@@hannesRSAit works here, so that's what we'll get. It's been around for thousands of years and the risk is still equal with modern medicine, they say. Heck, my oldies even trust this kind of traditional treatment more than modern doctors.
Agreed with the middle-aged guy in glasses, 2K-4K is average income. 5K and above is definitely not average, those struggling to survive with 5K and above they need to evaluate what are their basic necessities, man.
For a financial advisor, making 5k per mth is very low, compared to his crowd. He probbly has to eat most lunches in CBD area with CBD pricing and maybe weekly drink sessions w colleagues to socialise (impt for financial advisors).
This is a much more meaningful street interview where most interviewees are locals living HDB estate, they would better represent the majority of Singaporeans. From the interview, it is clear that things such as "enough", "comfortable, rich vs poor are very subjective matters. People who are contented can live a decent life with very little, while people with high expectations can't even get by with very high salaries.
Big Thanks to Asian boss for including perspectives from the common folks here too! Just chipping in as a fellow Singaporean, I do agree with the rest in the video that about 3 to 4k SGD per month (Before Tax) is considered the average to survive ALONE. Personally, the financial advisor dude saying “9-11k per month is enough” to be honest is considered way more than enough at least for an individual (of course at the same time, who doesn’t want those kind of wages). Last but not least, glad that all the interviewees responses have all been relational (of course again this is based on the opinions of a few individuals but nevertheless I think majority of us locals can reciprocate their thoughts as well) 👍🏻
To be fair, the guy was asked how much he needed to live “comfortably”. By comfortable, I’m assuming not having to worry about bills, retirement, while also factoring in the occasional vacation. This is for a single person of course. Add kids and retired parents to the mix and the costs go up exponentially.
Welp. I went on a one day trip to singapore last year and somehow considered to live there someday. But after i saw this video and this comment, i think i'm gonna cancel my plan 😂
@@AndorranStairway more like he meant to live 'luxuriously'. Dunno what more he demand to live comfortably. Maybe need to live in 2000sqft++ house or travel every month only he become satisfied
$3 to 4 k a month the average in Singapore? Cannot be....cannot be....Lawrence says now minimum salary even of Poly grad is $9k...how can Asian Boss report like this?....afterwards get POFMA leh!🤣🤣🤣🤣
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
“Enough” is subjective. Do you live with your parents, rent, or own your own place? Do you work from home? Do you cook your own food or eat out? Do you have dependents? In terms of the bare minimum, you can likely get by alone with $1k a month. But if you have rent, utility bills and dependents, the monthly household income requirement can skyrocket to over 10k. Singapore is great in that the vast majority of people don’t have to worry about basic needs like food or shelter. People die of starvation every day in other countries, but even the poorest in Singapore have access to free food if needed. But it’s still no question that the average salary doesn’t quite meet the standard cost of living, and this is why people spend more time focused on work than starting families. A major flaw with the system is that the government expects all singles under the age of 35 to live with their parents while not paying any rent whatsoever. Great country, but definitely has its problems.
living confortably is also subjective.... does it mean "not having to worry about bills" or does it mean living with comfort (being able to afford leisure, hobbies, exercise...)?
I've been a freelance illustrator for about 5+ years in Singapore, with a fluctuating income of 1k - 3k a month, sometimes even close to 500 a month. From the perspective of someone in an increasingly stagnant industry (Entertainment Media, specifically the Video Games sector for my side.), it's no surprise to me that I'm in the ballpark of some of these "poor" ranges these interviewees mention. But at the same time, this kinda shows the idea of perspective that different situations can differ the meaning of being "poor". While I'm raised in a low/mid-income family, I still find it difficult to get by when it comes to bills, supporting my parents and siblings. But I can still holdup on my own. I'm poor in the eyes of these people, though I'm living quite alright still with what little I have. Now in this industry I mention, however. There is a horrifyingly large amount of underpaid illustrators, designers, heck even programmers who simply chase passion for something that isn't STEM, Law or jobs more averagely sought after in Singapore. This industry has been in the government's eyes for quite some time, yet little is done to support wanting to make Singapore a proper entertainment hub, especially in visual arts. A few artist friends of mine are unemployed, one was at a homeless shelter before scrapping enough out of a job to get himself a cheap apartment. One's juggling 4 different designer jobs to support her estranged family. Almost all my other artist friends changed their careers. Passion is what drives people to do what they like. Most of the time, however, money is a perceivable threshold of whether to uphold this passion or not. I'm extremely passionate in what I do, client work and my current Animation job is what keeps me in this game. I'm what others consider as "poor", yet my work keeps me happy despite luxuries being out of reach from me frequently. Sadly, my path here in SG means there isn't much I can do to improve it other than to take on more jobs. I can only hope things can get better in my field of work and for many, many others. Also damn, that lady :c I honestly wish her the best.
sadly our govt only picks up "trending industries" and from the way I see they rather "buy talents" as a easy way out. Look at CECA. That's why our country is so "boring"
@@auguestra it's terrible. Like the biggest example would be french video game developer Ubisoft, who has been stuck developing a game in their Singapore studies for nearly a decade that the government paid for because they wanted the industry to boom. They've been bleeding money while the local talent gets treated like crap in their offices and get paid a whole lot less than their french employees. What could've saved this dry industry was wasted on a scumbag overseas company.
the above interviwees especially the chinese interviewees are not tell you the truth, they tell you they salaries is $4000, $5000... FAKE! note they tell you their job is 'financial adviser', 'architect consultant', ALL UNSTABLE JOBS., it means some months they have no income! thye wont tell you that! they are typical love face-saving sinapoleans
Go to any developed country and it's the same. People in your industry are all struggling if they don't have the talent to work for a big studio. That is set to worsen with AI disrupting many jobs and making them redundant.
Redhill market/hawker centre. I am not sure if this is considered the "lowest ranked" estate in Singapore. It is a mature estate with public rental flats, while at the same time the resale public housing flats in this estate is one of the most expensive too. But definitely appreciate to film a different side of Singapore which most foreigners or maybe even Singaporeans are not aware of. The good and bad side of Singapore is that we won't be spoonfed. You need to work even if its low paying. Once you stop, you are likely going to slip through the system and unseen...
@@cryptomoon7297that is simply because younger Singaporeans move out of older estates and leave older retirees behind. As one of the oldest estates in Singapore, it is natural they have a higher concentration of these older folks. However, Bukit Merah is being transformed. and is actually prime land for some of the most expensive public housing in Singapore. Those concentrations of old folks in older clusters of flats are being surrounded by gigantic new expensive blocks of both public housing and condominiums, and younger, richer people are moving in. The same thing is happening to other older estates, be it Queenstown, Toa Payoh or Ang Mo Kio.
Should conduct the interview at McPherson, Circuit Rd..that is another area where sadly the low-income Singaporeans lived. The fact that we lived in flats - all these problems are neatly "hidden" from outsiders.
@@yut576 you mentioned it spot on. The reason why Singapore appears to be a prosperous with happy rich citizens, is because our bosses are good in putting a good show. For start look at our ranking on RSF. Other prominent areas are like geylang, whampoa, those areas. Put it simply, rental flats are condensation of the low income. Do you see them build rental flats at Bukit Timah, Holland village areas? At least not to my knowledge...
Understanding what's considered "poor" in Singapore is essential, especially in a city known for its high costs of living. It's intriguing to explore diverse perspectives on this matter. Often, those who are less well-off can provide valuable insights that challenge preconceived notions.
If you only earn $5000 per month, you are considered extremely poor in Singapore. People here earn at least $20,000 per month and it is considered shameful to live in Public Housings called HDBs. Living in a High End Condominium and Eating only at Restaurants is considered Bare Minimum Requirements to be a acknowledged as Singaporean. If you do not meet these basic requirements, Singaporeans mostly would not laugh at you in your face, because they are a People who are concerned about Appearances and want to pretend they are full of Social Graces outwardly, but they will certainly look down on you, gossip and laugh at you behind your back. :)
@@schadenfreude6274 sorry but what kind of snobbish ppl are these who would react like this or judge you? would 'rich singaporeans' really treat u this way? I'm sorry but why aren't u hanging out with 'general average not-that-rich and never-earn-that high but also fun loving person' singaporeans to be acquainted with? What you described above are the High SES ppl isn't it which majority of Singaporeans are definitely not. Most regular folks really live in their cosy humble HDB, eat at humble hawker centre all their lives - nth to be shameful of really.
@@schadenfreude6274if high end is minimum, than why it's called high end?? Should be average restaurant. Based on what you say that is elitist community that is basicly minority in the country
@@enenmon it used to be liek that because plenty of well off. but now there are more and more so called poorer singaporeans thats why its becoming less snobbish.
My company operates in Singapore but 90% of our workforce are Filipinos, Indians and Malaysians working fully remote in their home country. Their average is just SGD2.2K and we saved on office rental. The idea came about when all our local staff worked from home during the pandemic and we realized that it is really feasible and cheaper this way, and we never looked back since.
and then the usual complaint that foreign talent (FT) takes over Singaporean jobs ... but it is these bosses who craze profits over sustenance that drives locals out of jobs
Useful video so people really don’t get the wrong image of the country. It is certainly not a bed of roses for most actually, but the attitude is more often than not remarkable. There is great wisdom, compassion and courage throughout. The “one Singapore” resonates at many levels.
Although the media considers,the USA,the U.K. France,Canada etc as rich countries,they’re really not rich. There are millions who can’t afford three meals a day in these countries. There are food banks, ( charity run) in the U.K. for the poor and the unemployed. In the USA too. Housing is pretty expensive. People in America live in cars. They can’t afford the rent for a one bedroom apartment. Poverty is hidden in most countries. People are made to believe that Hong Kong, Singapore are fabulously rich economies. The poor are kept hidden away. It’s the IMAGE that counts in the modern world. 😂😂😂
Yess!!! So true! Love how asian boss manages to get a wide range of interviewees, it's not easy! Also. Yes there is assistance, BUT there's always a but. It's usually short term assistance and only the bare minimum amount. As long as you aren't sick n dying, you're expected to work even a minimum job and earn for yourself even if you're old. :(
4 to 5k still cant survive,how about those who earn 2k? I earn 2k per month, control my living budget, foods , no buy clothes,pay house loan , electric and water bills town council fees ,no savings in the end .
Rich people become snobbish to stranger because : we confident in our abilities to make money, and do not want some yes men and parasite sticking with us...
the man in the grey tshirt is absolutly right. The architecture consultant shouldn't compare Singapore to India and Philipines. Singapore is such a small country so it's easier to manage. They can and should take care of their people.
In Yogyakarta, Indonesia all people with minimum wage can enjoy swimming at 5 star Hyatt hotel. Only $8. True story. You can come here if you want to prove it. Or you phone Hyatt Yogyakarta to ask and prove it.
@@imamfajar930 Lot of company write $150 on paper to manipulate the tax. We actually make more. I am live in Yogyakarta and get like around $2000 , and lot of my friend get at least $1500. If I take freelance job from over sea, I can get $1000 more. So, here is just like heaven bro.
I feel that the views here are very well balance and captured. And what the NY shirt guy said it the best "...this is not only a Singapore's problem, it's a whole world all country problem" on helping low-income people survive.
Well, I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
The tattoo artist talking about cost of eating at home is 100% true. It is cheaper to eat outside like nasi padang or chicken rice or such. Its not necessarily unhealthy (except for a little too much salt and oil) but can make do i suppose.
Honestly if you cook everyday, it is cheaper. You can’t just buy all the condiments and just cook chicken stew once, of course that will be expensive 😂
This is true talking to a working mother point of view. I used to cook for dinner but I realised it is more tiring to make dinner and spend time with my young kids, checking their homework etc. Raw ingredients itself can cost about $15 (agaration). I still gotta use water to wash my utensils, gas to cook, electricity to cook rice and spend the time to cook. However, I can spend about $30-$40 for dinner outside for a family of 4 and have more quality time with my kids. I even love using panda/grab self-pick up and take-away food home. The vouchers can give me more discount and I really save time as on the way to the shop, I just order. By the time I reach, food ready.
Cooking everyday is cheaper than eating out. Again you have to compare the type of food you cook at home and when you eat out. Try cooking nasi Padang at home obviously us going to cost you more as you need all the spices and it’s time consuming. However, if you cook a healthy meal of stir fry veg with chicken slices, then you are better off at home. Again, if you just cook for 1 person, the effort and ingredients will have to be calculated. Generally, cooking at home should be cheaper.
Singapore is moving towards a high income and high cost stage of a developed country. The good thing about it is that those who made it into those high paying jobs will do alright while those who are stuck in the lower paying jobs or with family / debt burdens will be struggling . The truth is that probably 70 % of the population are doing alright and getting by fine . The rest need help but a country can do so much because all out support for these ppl will destroy a country financially, socially and from a human capital competitive perspective. So the truth that nobody ever talks about is this - every society including Singapore would have those who didn’t make it. The government will try to support in some ways possible but it never will make life comfortable for them. This is to ensure that such ppl are given the right incentives to find their way out. And if they choose not to , or if they are out of luck, it is what it is and they will suffer till end of life . So it is a little sad but at the same a balanced and fair approach to keep the society going but too truthful to be shared by any politician
As a Thai Citizen, I found out Thais have an excellent government healthcare system that helps the poor at almost no cost, and the queue is short to get all the treatments. This really surprises me because I took my mom to get free treatment and get the same medicines that private hospitals may have to pay thousands of THB including a lot of surgery also free.
Poor can become poorer. It took a while for Garment to realised that a estate cleaner's salary of S$1000 per month can be reduced instead of increasing due to competitive vendors bidding to the lowest price and passing the cuts [lower price] to these already struggling people.Kindergarten teachers are also in the low income bracket of below $2000 while some Ministers are living the luxury. Surprise? That's Singapore.
It is exciting that even older adults know about many financial terms: turnover, SWF, GDP... this means that Singapore has a very excellent education, and their people all know the importance of education to their children.
haha, thank you! the older people read the news a lot & socialise, i guess that's how they learnt about all these even if they didn't receive much education.
When I was helping with grassroots 10 years ago, I met a family which was seeking social assistance because the husband suffered a stroke. Yet, the wife was carrying the latest model iPhone at that time and their LCD tv was bigger than mine at home.
@@uwet.8826 yes I think you have a point that some of them seek assistance due to poor financial decisions. When they were financially capable, they didn't save for rainy day. And when tragedy strike, it's a little too late? I've seen families who spent extravagantly but are highly in debt. My family, we look 'poor' but are the ones lending them money to pay for bills urgently. Most of the time we don't get the money back.
@@uwet.8826 Ppl dont like changing their lifestyle,if they were living a good life and then got broke suddenly, they will do anything to try to maintain their life style including debts and seeking family help , government help anything to keep their image rather than accepting the truth and trying to live within own means
7:32 Totally agree on this, since healthcare is a necessity as we age. Not being able to access it is bad news especially if you have chronic diseases. As the saying goes, "Singapore good place to live, bad place to be sick." 😅
Love the interview with the tattoo artist. He has some interesting perspectives on cooking at home versus eating out that I think not many people consider.
Agree with that guy said that:"Every city is tough." Unfortunately most of people in this world still don't realized. Some of the country citizens taught that changing a new government will dcrease the living costs.😢
No, it won't. But at least there's hope that our voices will be heard. The problem with having a government that has stood uncontested for decades since our independence is that they think they know what's best for us. They have grown detached and disconnected from the reality facing a lot of our citizens. Our pleas have fallen on deaf ears. The unaffordability of housing for example is a huge problem for many citizens particularly for lower income individuals and families. In spite of cooling measures, we are still seeing million-dollar transactions for HDB flats. While one may argue that these cases are far and few between, it is still an issue that should not be ignored as it will only get progressively worse. On top of that, the slew of controversies that have hit the party has hurt its image, thus it's understandable that the people's faith in the government has wavered. It can't be denied that they have done a lot for the progress and development of our nation but it has come with a great cost to those who have been left behind or fallen through the cracks. Giving out handouts is only a temporary solution and it's not sustainable in the long run as it puts the burden on taxpayers.
@@s_shaleh R u saying it is the govt's fault dat certain premium RESALE flats hv hit a million dollars? The reality is dat many Sporeans hv made gd money under the PAP govt n r willing to splurge big money on a desirable resale HDB unit. Not the govt's fault.
@@s_shalehBasically you want a populist party that tells you we will hear your voices and will do x and x measure and it doesn't fixes the problem, but hey at least they hear your voices and opposed the ruling party 😂😂😂😂. Bipartisanship sucks.
but it's not true in the slightest. some cities are near impossible to save money for the average citizen, while others are super easy to get jobs and save lots of money.
I just wanted to let you know that I absolutely love your videos. Your content is both entertaining and informative, and I can't get enough of it. I've already subscribed to your channel and eagerly look forward to more amazing content from you. By the way, I'm originally from Singapore but currently living in Saigon, Vietnam. Your videos have become a delightful part of my routine, and they make me feel connected to the online community even when I'm far from home. Keep up the fantastic work, and thank you for brightening up my days with your awesome content!
The cost of living in Singapore is insane. my income for a year was less than their income for a month. I'm grateful that even though my income is low as an Indonesian (compared to Singaporeans), I can still save... and pay for all my parents' needs. giving pocket money for my younger siblings, traveling, buying books that I like every month. I'm not saying I'm rich.. it's just that, when I need something, I can fulfill it.. no need to wait or be in debt. in my opinion.. lifestyle also has an influence. I try to keep my lifestyle so that it is not higher than my income. because I have friends who work in Jakarta. Their monthly income reaches double digits. but the money always runs out. there is nothing left. I was even more surprised when a friend of mine told me they could spend 4,000,000 IDR a day just to hang out. That money is more than my salary for a month..
it's sad to see comments like this one that champions victimhood mindset. The man with the concealed face has no visible physical disabilities, acknowledged he has gotten handouts from the government, yet still talked with an obnoxious tone of self-entitlement. His gross misinformation on things like PSA daily revenue also hints that he is your typical empty vessel that makes the most noise - PSA 2022 annual revenue is $8 billion, that's daily revenue of $21 miilion, not $1 billion according to his words. Contrast his attitude to that of the lady who helps out at a friend's food stall. She stays in a rental flat, also getting handouts from government, but doesn't talk with the attitude that the world and the government owes her a living.
I wished that financial advisor shared his idea of living comfortably. Living in a large condo, eating at posh dining place 3 times a day, owning a fancy car, able to buy branded stuffs without considering the price of it... probably I think 2k will allow most to live quite comfortably in SG. Our hawker food are cheap and good Places are easily accessible with increasing train lines and buses. Expenses can easily be kept within 1K (for ppl who stay with their family) I know a few people who earn as low as 2K but you can still see them enjoying life, going overseas etc.
I just came back from Singapore. Everything is so expensive. A small cappucino cost $8. Dining out cost $50-60 for 2. For a fancy place, that could be $150 or $200. I spent over $1200 SGD just on food+travel for a 3 day trip (2 person) and we were quite conservative with our budget. We mostly ate at hawker centers and only dined at nice restaurants a few times. I feel $2k is nowhere near enough to live comfortably in singapore.
Couldn’t agree more. To some people, living comfortably can be to be able to splurge thousands on branded clothes, shoes, bags, having meals or Omakase at Michelin star restaurants and traveling for few times a year.
@@fearmetoo-le8dw I believe we have a pretty wide disparity on our understanding of comfortable living. At least, i wont regard $200 a meal for two to be conservative. But to be fair, i think expenditures made during a trip are quite different from those made on daily / regular basis.
I feel like it’s so much harder to be considered poor in such a developed country, I mean sure the government may help but being such a minority and be at the low point of the social class, I can only imagine the damage that does to a person. Living in the Philippines where the rich are the minority somehow normalizes poverty. Now i don’t know what’s more sad.
I think people should have a dignified life. There are bound to be poor population everywhere. The job of governments, or at least most Asians' expectations, is to provide accessibility to dignified clothing, sustenance, housing and transportation even for the poorest population so that people don't have to scavenge the rubbish for half-eaten food and means to find work.
I was homeless, got addicted to drug's went to prison after some years, came out and Heaven came through for me in my finances too making $12,550 in just 1month in forex, rented my first apartment last week ,can't be more proud that I'm right now
What a great news you are really doing, my finance are really in mess right now and great tip will really go along way in shaping my life too im open for idea
I work at a restaurant here in Houston Texas. Things have been really difficult as I'm a single Dad parent and trying my best to pay bills and take care of my daughters
I started pretty low investing in forex though with $1,250 thereabouts. The returns came massive. My son Joe is in school now doing well, telling me of new friends he's meeting in school. (Alvarez Harry) is a Blessing to my life
Wow 😲I'm shocked you know this man too he is good with and on his job. He has helped a couple of families finances, I thought I'm the only one investing with him
I'm a bit perplexed seeing him been mentioned here also Didn't know he has been good to so many people too this wonderful, I'm in my fifth trade with him and it has been super
I’m singapore born living in U.K. for the past 24 yrs. I agree food shopping is more expensive in Singapore. However, your wages for an equivalent job is higher compared to the UK. Your mortgage can come from your contribution to CPF which your workplace contributes a high percentage into it. Over in UK, mortgage payments comes out from the take home Salary. What ever contribution into a pension scheme otherwise is untouchable until retirement age. I return to Singapore every year and with my wages from UK, I do find it expensive as I do not draw Singapore’s equivalent salary.
This is such a great video and the perspectives it outlines across demographic segments. To truly understand what the median needs is a hard problem but the fact that the citizens believe their government representatives are doing their best to achieve that is quite an achievement in itself.
6:17 I cant help but agree with this guy. there's no fresh meats yet it was much expensive. the affordability rate is insane, prices raised close to double within barely few years.i wasn't able to earn a living as I injured my brain back when I was in sec4 as my classmates kicked the soccer ball from outside field into the field over the fence and hit my head which after close to a decade I realised it was brain injury, I wasn't capable to get a job as brain fog happens, had to deal with daily headaches as my pituitary gland was damaged. before the gst hike and pricing rises, I was able to not touch my savings and even save more, but with the rising cost getting terrible, I wasn't able to save and ended up spending more. simple stuff like transportation, previously if I were to go out for five days, it cost around $10, now? two days would cost $6. I pretty much seldom go out now.
i am a retiree. i had to see a dr about a sty in my eye. bill came up to $47 cash payable. i couldnt touch my medisave which i have a lot that amount is quite a bit fr me. now i check my medicines if i dont need i dont take. saves a lot. yes we retirees born in the 50s are the new poor. worked all our lives (me, 30 over yrs, bought my own flat, put our children to university) and still slogging to keep our heads above water, because the govt is squeezing us dry. the more we earn the more they take. !:( call us rich? sure they are! we arent!
Actually, based on those interviewed, they are considered quite alright as compared to many countries. As Singaporeans have travelled widely and frequently, they can see what is actually poor in other countries, even in developed countries.
Agree. Generally many Singaporeans are privileged but they compare to others who are richer so they feel "poor" but even poor can use iphone in SG. They should go open their eyes in nearby country like Malaysia and Indonesia then they will be more grateful. But rental in SG is crazy now though,doesn't makes sense.
In other countries it’s not a crime to live off the streets, beg or even camp by the park. In sg, if u do so, u will be arrested. It’s a crime to be desperate in rich Singapore
You can tell from the way most of them spoke that there’s trust in the government and the system. Apart from that well-spoken old man. When the country is small and rich, it’s easier to care for the poor.
Everyone said very expensive but couldn't tell the different. My experience in 2020 after covid buying the same products vs 2021 vs 2023 increased by 15% - 20%, some increased to 30%. Would say suppliers had profiteering before the gst hike and after gst hike add another layer of cream. Basically all started from rental fuel and transport increment. It multiple drastically.
I visited Singapore two weeks ago, and as a Filipino living in the countryside of the Philippines I have to say Singapore is really expensive. A meal on a not so fancy but decent food court costs me 7SGD on average (~300Php) with no drinks (soda or juices) included. In my city, I can buy the same meal at around 80-120Php. A bowl of dessert also costs me 4SGD(170php). Taxis are also expensive, but the good news is you have the MRT and buses of which on my usual ride costs me only 1 SGD per trip. More development cities are more expensive to live in, in general. It is what it is. I kinda like its sidewalks, it’s so friendly to walkers. In Chinatown where I was staying, I barely saw obese individuals (please don’t me wrong).
You can't compare it that way bro. Tourists from slightly poorer countries (no offense to the Philippines, most of the countries are considered poor compared to SG) might find expenses SG expensive. But remember, Singaporean also earn more. For example, based on what you said, a meal costs 7 SGD (300 PHP) in SG but only 100 PHP in PH. Let's take an average income in SG as 3,000 SGD (125,666 PHP) and 34,000 PHP (811 SGD) in the Philippines. This means you guys earn almost four times less than in SG, but the food is only three times cheaper. So, in terms of the income-expense ratio, food in PH can actually be pricier than in SG. Sidenote, SG people just need to spend half a month of salary to buy an Iphone, but as a Malaysian we need to spend two months of salary to buy an iphone😢
@juswesaligan5016 Living costs are generally in line with the median wages of a country so if the food cost is one-third are your median wages in your city also one-third?
hmmm I disagree on this when you compare the prices of food in philippines and singapore. In singapore, local food in hawker area you can buy cheaper meal than 7SGD and yet the portion and the taste is really good. In the philippines, locally that 80-120 pesos meal only consists of small amount of meat and 2-3 cups of rice.
I’m in the UK and where can kids eat free?!?! I agree with him on the cost to make chicken soup, but wages are much lower here than they are in Singapore.
He exaggerated about the cost of chicken stew in Singapore. I cook too but I wonder what secret ingredients he used to make a SDG50 chicken stew. A 2kg pack of frozen thigh meat is less than SGD10.
I miss living in Sg, just by watching videos like this it brings me back to the wonderful memories i have with Singapore. I love you Singapore you will always have a place in my heart, hopefully I can come back soon.
The fella at the end of the video is speaking words of wisdom. At the end of the day, what is able to bring joy, its setting the right expectations for what can give you contentment in the situation you are in. If you set unrealistic expectations for obtaining contentment, you will be miserable , especially when you start comparing with what others have. This is not a society where one should expect equality in everything, especially in terms of monetary status. If one thinks it should be, then that person is in la la land. There will be those who are going to be super rich, and there will be those who will need help. We live in a broken world, far far from being perfect. We should live with contentment with our lot, and help those in need whenever the opportunity arises and to our ability to help. If we can strive to do that, we will have joy and contentment in life, which is really what people seek anyway at the end of the day.
Thanks for making this video. Very well done. Never know about $26 rental. Never know that $300 works for some people. It is a very interesting street survey.
8:28 Honestly, that's the biggest issue no matter where you are in the world, more often then not those who need the help the most don't know they are actually able to receive help
Both my wife and i have a combined monthly income of around equivalent of SGD 4,500 in Indonesia, with 2 kids. while i know that quality of life here and Singapore is not the same, but sometimes i feel blessed that we are still living comfortably compared to many Singaporeans who earn roughly the same as us, but is struggling even without kids. you got to feel bad for the younger generations that are feeling more and more pressure with the high living cost there. i imagine you need at least SGD 5000+ to even live a good so so life there without any luxury etc.
Thank you for the insight. I just ask myself the question and was amazed to find your vid addressing the issue. It was very informative. I must also complement the people for the clarity of their views, even the aged
Being a person who is in SG for past two months and hoping to call it home for a long time. What I have seen are two extremes . There is group of young and old alike who hard working, grounded and polite. Just have a look at hawker centre 24 hrs, small, humid hot places and people serve with a smile. Then there are people who cannot stop complaining. Honestly I find mid level and secure job, living in condo people complain more. So things are subjective. This is small country and I do think govt does quite a few initiatives for their people with subsidies. I dont think I can complain as outsider, I can eat at hawker centre for same price, shop at local super market where owner brother tells me when he has cut a fresh jackfuit and old lady at the bakery explains me which breads I can eat allowed per my faith. I shop for cloths are local market or bugis. It is manageable honestly, rent part I cannot avoid. But if I eat at fast food joints, shop at malls, I will complain expensive. Also, govt does their bit for people, it is clearly seen. Also, as expat I should be the last one complaining, come to India a juice sold to local for 10 rupppes is given at 250 ruppees to a foreginer. I dont see such discrepancy in SG. Problem and solutions lie within society but I see most SG locals to be hard working, family people and mind their business kinds!! India can be expensive if I spend on luxury more than I earn. Its not the money, its how you use money.
I know right. mushrooms and potatos and carrots at cold storage super markets are not expensive too, wet markets are affordable too. Maybe he put red wine in his stew, then it is possible to cost sgd50.
I’ve been living in New York for 35 years and consider myself a New Yorker and it’s not true that I have to find a bug in my meal to be a New Yorker 😂😂
Minimum living cost can be used as a gauge of your own spending. If chicken rice + drinks is $5, eat 2 times a day is $10, a month is $300. rent $850, transport 22 days for $3.5 per day. $77, phone $30 that's $1257 if $4000 to $5000 barely enough to survive. Maybe he needs financial advice.
It all depends on their expectations in life. To live affordably and contented or comfortably. To some $1000 may be sufficient to others $10k may not even be enough if they expect to live in luxurious comfort.
I really felt is very subjective depends on how content u r w ur life… n mostly be grateful… i myself not earning a lot compare to my friends but im very happy with it.. hope everyone can get whatever they want … God Bless…
In 1999 my father decided us to stop pursue being a permanent residence in Canada, despite having a competitive salary for that period of time. Nevertheless, he thought he could contribute to our homeland Indonesia, but at the time it was bad timing and people in his sector were still hiddenly corrupted and tackling one another. Alas, around 2000 when Singapore opened registration for finding 10k or 20k new residences fron various educational and working backgrounds, my father was offered by one of his Singaporean businessman friend to become a citizen. At first he was tempted to change citizenships, but after further calculation he comtemplated and decided not to become a Singaporean. Despite feeling the lack of appreciation in our own country, he felt that having lower salary but able to visit Singapore in business or academic seminars and events was enough for him. The only one of his regrets of not becoming a citizen was at the time, the Singaporean government was willing to support one of his inventions, but he was still hoping aid from our own government but was given false hope.
As a Singaporean, the truth and reality of it all breaks my heart. Everyone thinks our salaries are high compared to the rest of Asia and while true, we're also the city / country with one of the highest costs of living. My friends from Malaysia, Vietnam, Indonesia take the same salary we do and can go back home to afford having families and having housing that doesn't cost them an arm and a leg. I think that is the true cost of being Singaporean, your comfort is not easily earned and it's hard to make it permanent. Anyway calculating comfort is relative. 5k seems like a lot to many, but once you are not single and start paying mortgage in Singapore, 5k is nothing, because you'll be left with not much at the end of the day. So in that sense the insurance guy stating that ~10k is needed to be comfortable makes complete sense if you take into account that you have to feed a family, pay mortgage, cover all the living costs and prepare for retirement. If you're in your 50s with your house paid for and your kids all grown up and everything settle, less than 3k can be very comfortable for you. It's not only who you ask and what they think, it's also knowing what they have to pay for and the cards that will be handed to them down the line.
Worst still is 20% of your paycheck goes to your CPF contribution. So your gross salary of 5k will be reduced to 4k net salary (before income tax and maybe Medishield?) As for cars, you can hardly own one unless you are cash rich to pay for the COE.
I raise my both arms and legs and totally agree that our Msian, Indonesian, Vietnamese...friends earning the same amount and bring home a fortune to build houseS😅
It does not cost SGD50 to make a chicken stew in Singapore....unless you're exclusively shopping organic produce at like some speciality store or something. Fresh produce from the wet market (where most people buy produce) isn't gonna run you SGD50 for a single pot of chicken stew. I can't say much about eating out vs eating at home but I can say that you definitely can eat out 1-2 meals everyday... if you buy from a hawker center and not a restaurant. Singapore is expensive but I have no idea where the tattoo artist is coming from with his estimates. Granted I don't know his lifestyle, so I can't judge. If you want to live comfortably - that means not just the bare necessities like bills and groceries but yeary vacations & stuff - I think more than 5K is a realistic estimate.
exactly. but making a pot of chicken stew, you can feed yourself fr a few days compared to buying a plate of food at a kpi tiam now about $6,7 or eve $8!
My good friend is a single mum with really small children. Her salary is $3000 and she is able to get $600 from social workers located at her estate cc. Her child care centre also highly subsided too.
-Visit polyclinic do not need $60. It is less then $30 depending on what type of medicine/ treatment, how many months of medicine a person is collecting and the subsidise card we are holding. (Sometime even pay less then $20) -In Singapore gov clinic or hospital, they will not stop you from getting a treatment even if you are poor. The most after treating, they will arrange you for small installment payment or refer you to social worker to see if you are able to apply for more financial assistance in subsidise medical bill.
Ya, but she has a leg injury, so are you saying that she did not have to pay $60 for her visit? Not saying that you are wrong but it sounds to me that you are accusing that lady who can survive on 200-300 dollars a month of being a liar when every single dollar matters ALOT to her. In addition, there are quite a few people who also mentioned about the healthcare costs being a contributing factor to high costs of living.
that is the first time hearing from random citizens in any country that the government is doing their best to help the low income/poor people of that country, but the man with his face blurred really put things into perspective that even though the gov is helping, it is hard to seek out that help and for how long will that help be available to them, so it is pretty much the same across the world.
Asian Boss is back with the social economic focus. That's great. And good job with the lighting. Lighting outdoor in Singapore is not easy with the bokeh and all. GJ to the interviewer too.
Singapore Gov. did pretty good within a decade, rapid economic growth, GDP goes up and still keeps Gini Coefficient steadily. for Asian Regions, in terms of Gini Coefficient, a source reports Hongkong ranked #9 (53.9), Singapore #26, (45.9), Japan #116 (32.9), Taiwan #111 (33.6), S Korea #128 (31.4). (The lower the Gini coefficient, the more equal the society is said to be.)
Yeah but you can't compare the taxes. If you make 10k USD monthly in SG your tax per year will probably be around 10-12%. In California would easily be 40% if I'm not mistaken
Depends on whether u have dependencies to care for, housing loans to pay etc the definition of rich is subjective and there is not enough context to really determine if someone is rich or poor based on how much they need to get by
The majority of people in every country make just enough to survive, even the US. It will always be that way. Prices and wages will always trend toward that equilibrium. What's most important is quality of life. Do you have a good community? Do you have access to services? Is your community safe? Singapore seems pretty well off in that regard.
nice video, every people in this video bring different point of views. and i like everyone who contribute on this video. hope i can move to singapore and prove it by myself.
Very interesting interview. I was a few times in Singapore. I saw poverty, I saw unbelievable wealth, I saw an ultramodern city and as far as I understood... housing is the most costly in Singapore.
Singapore government is the best in the world. We Singaporeans really have to be appreciative and grateful to have such a wonderful and nurturing government to take care of our basic needs. The grass is not always greener in the other side and we must thank our lucky stars to be able to enjoy such a good lifestyle in general.
If you consider yourself a true fan of Asian Boss, become a member of our community to join the cause: asianboss.io
to join what cause ? what is your stated cause ?
This video encapsulates very well what 'affordability' or 'comfort' can mean to different people. The financial advisor bro was definitely very privileged- 10k a month allows one to live in a large home/condo in a good location, dine out often, and probably travel twice a year, and with extra savings too. Nothing wrong with that, it's just what 'a comfortable life' means to him- which are 'luxuries' to many others.
It was also heartwarming to see the old lady with such a positive attitude. For one to believe that $300 is enough to lead a comfortable life in Singapore, it reflects how much is being done to take care of those in need. From my understanding, for the poor, basic necessities like housing and healthcare are heavily subsidized, and there are various support networks for these households to receive donations in the form of clothing, food and daily necessities.
Many Singaporeans don't even see this side of Singapore, much less foreigners, so kudos to the Asian Boss team for this video. It helped me to appreciate what I have and not take things for granted.
I wouldn’t necessarily call the guy privileged. You definitely need 10k a month if you have dependents and bills to pay. And if you rent a place, the costs go up much higher. If you want a “large home”, you’ll be surprised to find out how much you actually need.
Remember, the older lady lives alone with no housing bills to pay. While it’s commendable that the government looks after the poor, the economy cannot be sustained if everyone lived that way.
No.
Only poor heterosexuals and single moms get heavily subsidized rental housing.
Poor singles or same sex couples hard to get these aids.
They force singles to apply with another.
Ppl who cant afford to move out are forced to go homeless or put up with the toxic/abusive family because you are considered to have family support by the stupid system.
@@AndorranStairway I'd say it's all relative. I didn't mean it in a bad way- but he's definitely quite well to do. And if you believe one DEFINITELY needs 10k a month, what would those earning less than that think if they read your comment? They are plenty who earn less than that, with a family and bills to pay. Don't forget, families would usually have dual income which makes that 20k in this scenario.
Agree with you on the final statement, it's a good thing that's in the minority and not everyone. But it is too far fetched to say 'if everyone lived that way' though.
Universal income for all! Support WP! Please….. we are so rich now and we are still so tough to our citizens… PAP does not want us to be lazy… fxxk it…
Context is everything.
my biggest culture shock during my first trip to Singapore was seeing old men and women, probably in their 70s, doing menial jobs like collecting garbage etc. coming from a country where I don't always see old people work, it was such an eye opener. I was under the impression that everyone in SG is rich or live a comfortable life, so I never would have thought some Singaporeans are struggling.
On the other hand, there are also many elderlies working to occupy their time, and they are unwilling to stop because they like being able to do something. So not all of them are forced to, but there are still many that are working because they have to which I agree should not be the case
@@cass8446Yes this is also true. I went for a foot massage and had an elderly man do the job. I asked him if the elderly in SG receive good pension because I couldn't understand why the majority of the elderly kept working and he said that the government is very generous with pension, and it was in their culture to always work hard. They want to be up and about, it just means that they're still healthy.
If you know about Chinese culture, you know it. They work doesn’t really mean they are poor. They’re workaholic.
@@Athenswinslavait might be that there aren't much things to do in Singapore after spending a whole life there, same malls, some food courts, etc etc.. so working can definitely keep one busy.
I can tell you... most of the elderlies i know work menial jobs just because they feel like it, not because they need it, i mean there is definitely those who are working to survive. But whenever my colleagues get part timers for events, there will be those old uncles and aunties who wants to work, they don't even need the money, they are retired. Especially when covid hit, gawd damn almost every elderly me and my wife knows are actually elderlies who are already on pension and have enough to retire. The best was back in my ex company, the super nice aunty who comes to clean our office twice a week is actually a millionaire, she does it because she just feel like working and chatting with people.
5:12 "200 to 300" to live comfortably... I almost cried. Everybody else answered above SGD 9000. You realized that we really have different perspective on life.
Absolutely agree
That's because she doesn't pay rent or utilities, and gets free food. She explained that already in the front part of her interview.
She also doesn't have young children or elderly parents depending on her.
She is taking government grants and paying subsided rent. Gets free food from time to time. Thats different.
@@lissalow Unfortunately she has fallen into the cracks but this also shows the system is working well. The Govt in her area has identify her as a genuine case which needs support. Just Image paying Sgd26 rent with support on healthcare and she is in fact doing abit of part time work. In other parts of the world people in similar scenario would most likely end up on the streets. I'm glad she is doing her best and uplifted her life.
its not even enough to pay for utilities bill, phone bills, town council fees. Not sure why people still think $200-300 is enough to survive, we should make people make a balance sheet and expenses sheet for each month.
Love the tattoo artist feedback, “every city is tough “ 1000% true
but it's not true. some cities are extremely easy to survive and earn extra money to save, while some are pretty much impossible for average citizens.
@@hammothw4814 it is true and that's the fact. name some cities where live is easy
@@ch0892 any city in Alberta, Canada, and many others in BC
In Alberta, it takes around 7 years out of highschool to save up enough money to own your own house and car in cash. with many different carrer paths to get you there. plenty of 22 and 24 year olds making between 100-150k. super easy to get jobs. has been a booming economy for the last 30 years, other than around 2 or 3 slow years.
@@ch0892 also, most cities in Australia as well, especially western Australia.
@hammothw4814 Australia is having a housing crisis, just the same. Very hard to find affordable apartments in Sydney, that's for sure
The lady in the video is definitely an inspiration, optimism at its best, though she is in that 'bottom' tier, her spirit and attitude towards life is something we can ponder about......
@wennnnn2307 She said MP helped her to rent her place for 26 bucks per month......looks like she's in the low income group, and that's where MP comes in.
@@wennnnn2307 Congrats, you can get ready to sell when you MOP and upgrade to condo living.
The older man with the concealed identity appears to be the most accurate assessor of current living conditions in Singapore,bravo to him for not sugar coating any of it.
The part about “this care that care but very hard to get” really hits home.
Government money the most difficult to get for common on the ground folks.
for me i feel the person in cap is more objective
not rly le, maybe cuz i've never gone through what he had but i feel like he's acting a little bit pampered. like even he say himself the govt alr give him money, like jus cuz he sgporean not even cuz he do anything. then he still has the audacity to say like "oh not enough" like bro you shd be more grateful for the handout what
@@sainedjudger agreed with u, thus i feel the guy in cap assessed the current situation more fairly
I worked my way up from getting a $1600/month salary in 2004 to a comfortable salary today. I really understand the struggle. Back then I even defaulted on my mortgage. Today I'm very comfortable but I still feel the pain of the low income. That's why when I lend money to my friends or relatives, I rather just give them the money. I know they need it more than I do.
Here's the thing. I've been supporting charities financially for a while now and that's the best I can do since my job requires a lot of my time and energy. So I accept that is my role in society. To use my talent, get paid and I use some of the money I earned to help others.
Thank you fellow countryman.. u are a good example to next generation
@@p6h14 we are lucky to be born. Even luckier to be born in Singapore. Even more lucky to have talent that can land good paying jobs. What do we do with all these luck? We share them. Unconditionally.
you are such a type of soul we lack nowadays in society , the cooperation , sense of community and unity , if the world has more people with such insight and motivation like yours we will prosper so much , may you be blessed beyond measures ❤
@@waadalsafi2103 Thank you for the well wishes.
So wonderful that Singapore has a kind soul like you❤ God bless you
Hope this message can reach the lady and help her out in a tiny way.
There's actually an organisation with branches around Singapore called Sian Chay that offers TCM services at little to no cost. For acupuncture, its $8 and I believe they do consider waiving such charges on a case by case basis.
Alternatively, she can also look out for mobile TCM services by charitable organisations within her community as well.
@@hannesRSA Acupuncture is widely used in Singapore, esp since TCM or Traditional Chinese Medicine is an alternative to conventional medicine
@@hannesRSA I don't believe any of it as well 🤭
@@hannesRSAit works here, so that's what we'll get. It's been around for thousands of years and the risk is still equal with modern medicine, they say. Heck, my oldies even trust this kind of traditional treatment more than modern doctors.
@@hannesRSAif you dont need it then so be it. No one asked.
So is a scam because tcm didnt work on you?
I like how you arrange the flow and narratives to show the diverse experiences of the interviewees. And ending on encouraging words.
Agreed with the middle-aged guy in glasses, 2K-4K is average income. 5K and above is definitely not average, those struggling to survive with 5K and above they need to evaluate what are their basic necessities, man.
5K at age 25 with no kids and 5K at 55 with kids is a world of difference.
@@neonfiremarcus also depends on where u live and no. Of kids.
The guy with glasses is earning too much, look at his shirt that is not cheap fabric.
When you earned more, you ll spend more. That's life and fact.
Maybe he bought house and cars
Bro is a financial advisor but he's struggling to get by himself? The irony...
like damn SUS
For a financial advisor, making 5k per mth is very low, compared to his crowd. He probbly has to eat most lunches in CBD area with CBD pricing and maybe weekly drink sessions w colleagues to socialise (impt for financial advisors).
Exactly. Just say insurance agent.
" I guide others to a treasure I cannot possess. "
financial advisors are like property agents, it's a whole spectrum
This is a much more meaningful street interview where most interviewees are locals living HDB estate, they would better represent the majority of Singaporeans.
From the interview, it is clear that things such as "enough", "comfortable, rich vs poor are very subjective matters. People who are contented can live a decent life with very little, while people with high expectations can't even get by with very high salaries.
Bukit Merah is actually an expensive area. 3 bedroom HDBs are like 800k-1.2M SGD in the Redhill-Tiongbahru-Telokblangah area.
Big Thanks to Asian boss for including perspectives from the common folks here too! Just chipping in as a fellow Singaporean, I do agree with the rest in the video that about 3 to 4k SGD per month (Before Tax) is considered the average to survive ALONE. Personally, the financial advisor dude saying “9-11k per month is enough” to be honest is considered way more than enough at least for an individual (of course at the same time, who doesn’t want those kind of wages). Last but not least, glad that all the interviewees responses have all been relational (of course again this is based on the opinions of a few individuals but nevertheless I think majority of us locals can reciprocate their thoughts as well) 👍🏻
Yes, the ending really shows Singaporeans' rationality. The irony is that financial advisor. 😂
To be fair, the guy was asked how much he needed to live “comfortably”. By comfortable, I’m assuming not having to worry about bills, retirement, while also factoring in the occasional vacation.
This is for a single person of course. Add kids and retired parents to the mix and the costs go up exponentially.
Welp. I went on a one day trip to singapore last year and somehow considered to live there someday. But after i saw this video and this comment, i think i'm gonna cancel my plan 😂
@@AndorranStairway more like he meant to live 'luxuriously'. Dunno what more he demand to live comfortably. Maybe need to live in 2000sqft++ house or travel every month only he become satisfied
$3 to 4 k a month the average in Singapore?
Cannot be....cannot be....Lawrence says now minimum salary even of Poly grad is $9k...how can Asian Boss report like this?....afterwards get POFMA leh!🤣🤣🤣🤣
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
As someone who has been trading for me for months, I am a living example of expert Sarah.
yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
@StephanieMcGrew763 +144
Such a good variety of interview participants. Shows the different perspectives people have. Good job!
“Enough” is subjective. Do you live with your parents, rent, or own your own place? Do you work from home? Do you cook your own food or eat out? Do you have dependents?
In terms of the bare minimum, you can likely get by alone with $1k a month. But if you have rent, utility bills and dependents, the monthly household income requirement can skyrocket to over 10k.
Singapore is great in that the vast majority of people don’t have to worry about basic needs like food or shelter. People die of starvation every day in other countries, but even the poorest in Singapore have access to free food if needed.
But it’s still no question that the average salary doesn’t quite meet the standard cost of living, and this is why people spend more time focused on work than starting families. A major flaw with the system is that the government expects all singles under the age of 35 to live with their parents while not paying any rent whatsoever.
Great country, but definitely has its problems.
Exactly
Be contented. Know our level, focus on happiness.
So many of us didnt make the 5k 10k... We are still alive chatting. All good.
living confortably is also subjective.... does it mean "not having to worry about bills" or does it mean living with comfort (being able to afford leisure, hobbies, exercise...)?
Blame PAP for the housing part.
@@Way2go926 u mean thank them? Unless your parents or u didn't have one :)))
I've been a freelance illustrator for about 5+ years in Singapore, with a fluctuating income of 1k - 3k a month, sometimes even close to 500 a month. From the perspective of someone in an increasingly stagnant industry (Entertainment Media, specifically the Video Games sector for my side.), it's no surprise to me that I'm in the ballpark of some of these "poor" ranges these interviewees mention. But at the same time, this kinda shows the idea of perspective that different situations can differ the meaning of being "poor". While I'm raised in a low/mid-income family, I still find it difficult to get by when it comes to bills, supporting my parents and siblings. But I can still holdup on my own. I'm poor in the eyes of these people, though I'm living quite alright still with what little I have.
Now in this industry I mention, however. There is a horrifyingly large amount of underpaid illustrators, designers, heck even programmers who simply chase passion for something that isn't STEM, Law or jobs more averagely sought after in Singapore. This industry has been in the government's eyes for quite some time, yet little is done to support wanting to make Singapore a proper entertainment hub, especially in visual arts. A few artist friends of mine are unemployed, one was at a homeless shelter before scrapping enough out of a job to get himself a cheap apartment. One's juggling 4 different designer jobs to support her estranged family. Almost all my other artist friends changed their careers.
Passion is what drives people to do what they like. Most of the time, however, money is a perceivable threshold of whether to uphold this passion or not. I'm extremely passionate in what I do, client work and my current Animation job is what keeps me in this game. I'm what others consider as "poor", yet my work keeps me happy despite luxuries being out of reach from me frequently. Sadly, my path here in SG means there isn't much I can do to improve it other than to take on more jobs. I can only hope things can get better in my field of work and for many, many others.
Also damn, that lady :c I honestly wish her the best.
sadly our govt only picks up "trending industries" and from the way I see they rather "buy talents" as a easy way out. Look at CECA. That's why our country is so "boring"
@@auguestra it's terrible. Like the biggest example would be french video game developer Ubisoft, who has been stuck developing a game in their Singapore studies for nearly a decade that the government paid for because they wanted the industry to boom. They've been bleeding money while the local talent gets treated like crap in their offices and get paid a whole lot less than their french employees. What could've saved this dry industry was wasted on a scumbag overseas company.
Totally agree
the above interviwees especially the chinese interviewees are not tell you the truth, they tell you they salaries is $4000, $5000... FAKE! note they tell you their job is 'financial adviser', 'architect consultant', ALL UNSTABLE JOBS., it means some months they have no income! thye wont tell you that! they are typical love face-saving sinapoleans
Go to any developed country and it's the same. People in your industry are all struggling if they don't have the talent to work for a big studio. That is set to worsen with AI disrupting many jobs and making them redundant.
Redhill market/hawker centre. I am not sure if this is considered the "lowest ranked" estate in Singapore. It is a mature estate with public rental flats, while at the same time the resale public housing flats in this estate is one of the most expensive too. But definitely appreciate to film a different side of Singapore which most foreigners or maybe even Singaporeans are not aware of.
The good and bad side of Singapore is that we won't be spoonfed. You need to work even if its low paying. Once you stop, you are likely going to slip through the system and unseen...
Bukit Merah and Tiong Bahru these 2 areas has a dense concentration of low income families. This is as told to me by my friend who is in MSF
@@cryptomoon7297that is simply because younger Singaporeans move out of older estates and leave older retirees behind. As one of the oldest estates in Singapore, it is natural they have a higher concentration of these older folks.
However, Bukit Merah is being transformed. and is actually prime land for some of the most expensive public housing in Singapore. Those concentrations of old folks in older clusters of flats are being surrounded by gigantic new expensive blocks of both public housing and condominiums, and younger, richer people are moving in.
The same thing is happening to other older estates, be it Queenstown, Toa Payoh or Ang Mo Kio.
Should conduct the interview at McPherson, Circuit Rd..that is another area where sadly the low-income Singaporeans lived. The fact that we lived in flats - all these problems are neatly "hidden" from outsiders.
@@yut576 you mentioned it spot on. The reason why Singapore appears to be a prosperous with happy rich citizens, is because our bosses are good in putting a good show. For start look at our ranking on RSF.
Other prominent areas are like geylang, whampoa, those areas. Put it simply, rental flats are condensation of the low income. Do you see them build rental flats at Bukit Timah, Holland village areas? At least not to my knowledge...
Those area flats can fetch a high price
Understanding what's considered "poor" in Singapore is essential, especially in a city known for its high costs of living. It's intriguing to explore diverse perspectives on this matter. Often, those who are less well-off can provide valuable insights that challenge preconceived notions.
If you only earn $5000 per month, you are considered extremely poor in Singapore. People here earn at least $20,000 per month and it is considered shameful to live in Public Housings called HDBs. Living in a High End Condominium and Eating only at Restaurants is considered Bare Minimum Requirements to be a acknowledged as Singaporean.
If you do not meet these basic requirements, Singaporeans mostly would not laugh at you in your face, because they are a People who are concerned about Appearances and want to pretend they are full of Social Graces outwardly, but they will certainly look down on you, gossip and laugh at you behind your back. :)
Well then I would be a really wealthy comedian if I lived in Singapore. They'd all laugh.@@schadenfreude6274
@@schadenfreude6274 sorry but what kind of snobbish ppl are these who would react like this or judge you? would 'rich singaporeans' really treat u this way? I'm sorry but why aren't u hanging out with 'general average not-that-rich and never-earn-that high but also fun loving person' singaporeans to be acquainted with? What you described above are the High SES ppl isn't it which majority of Singaporeans are definitely not. Most regular folks really live in their cosy humble HDB, eat at humble hawker centre all their lives - nth to be shameful of really.
@@schadenfreude6274if high end is minimum, than why it's called high end?? Should be average restaurant. Based on what you say that is elitist community that is basicly minority in the country
@@enenmon it used to be liek that because plenty of well off. but now there are more and more so called poorer singaporeans thats why its becoming less snobbish.
My company operates in Singapore but 90% of our workforce are Filipinos, Indians and Malaysians working fully remote in their home country. Their average is just SGD2.2K and we saved on office rental. The idea came about when all our local staff worked from home during the pandemic and we realized that it is really feasible and cheaper this way, and we never looked back since.
What’s your company’s name and are they hiring now?
what is the main business sector of your company?
Heard from ppl about this.. actually can be big prob for us.. can share which industry?
employees are more productive working from home
and then the usual complaint that foreign talent (FT) takes over Singaporean jobs ... but it is these bosses who craze profits over sustenance that drives locals out of jobs
The first uncle is the type that will never flaunt his wealth, despite all tell tale signs that he is living a comfortable life.
He said he almost 70 and still working. When the asian boss reporter asked him what is his work. He quietly reply architect consultant 😂
The architecture advisor or the one with the Hawaii shirt (earlier than him)? Because the Hawaii shirt looks like a local celebrity.
Very good and honest reporting...and it showed different perspectives from different classes of people too. WELL DONE!!
Useful video so people really don’t get the wrong image of the country. It is certainly not a bed of roses for most actually, but the attitude is more often than not remarkable. There is great wisdom, compassion and courage throughout. The “one Singapore” resonates at many levels.
Although the media considers,the USA,the U.K. France,Canada etc as rich countries,they’re really not rich. There are millions who can’t afford three meals a day in these countries. There are food banks, ( charity run) in the U.K. for the poor and the unemployed. In the USA too. Housing is pretty expensive. People in America live in cars. They can’t afford the rent for a one bedroom apartment. Poverty is hidden in most countries. People are made to believe that Hong Kong, Singapore are fabulously rich economies. The poor are kept hidden away. It’s the IMAGE that counts in the modern world. 😂😂😂
A wealthy country without unemployment benefits and people working into their 80s is just unacceptable!
because its so expensive and because its really a city you really need to emigrate somewhere else to "retire"
did you watch the video? the government has benefits for the unemployed.
@@hammothw4814 dude its only 1k per month which is not enough, I am from singapore so I can say this
@@dacowfamilyofficial7550 so we are in agreement then, i said there are benefits to the unemployed to the person who said there wasn't.
But still have long queues for 4d! Many live beyond their means cigarettes alcohol and gambling!
Yess!!! So true! Love how asian boss manages to get a wide range of interviewees, it's not easy! Also. Yes there is assistance, BUT there's always a but. It's usually short term assistance and only the bare minimum amount. As long as you aren't sick n dying, you're expected to work even a minimum job and earn for yourself even if you're old. :(
4 to 5k still cant survive,how about those who earn 2k? I earn 2k per month, control my living budget, foods , no buy clothes,pay house loan , electric and water bills town council fees ,no savings in the end .
the 'architect consultant' is another love to save-face sg guy, he is aa vain fake!
😢
wow! 2k/month before CPF deduction? How did you get a house with that wage? What kind is it and how much did you pay for it?
you’re good at money management, bro👍👍👍
With 2K it is hard to plan for retirement especially with high inflation.
To be poor with integrity is
Definitely commendable
Than to be rich and snobbish!!
i would rather be rich and snobbish then
if money made people happy, gates would be happy, but no , he's bored and had fun the past 3 years
Rich people become snobbish to stranger because : we confident in our abilities to make money, and do not want some yes men and parasite sticking with us...
Being commendable wont feed you
I was a student here and will never forget the time spent in Singapore. Best year of my life!
the man in the grey tshirt is absolutly right. The architecture consultant shouldn't compare Singapore to India and Philipines. Singapore is such a small country so it's easier to manage. They can and should take care of their people.
grow some balls and go and work la , why always asks for money lol
In Yogyakarta, Indonesia all people with minimum wage can enjoy swimming at 5 star Hyatt hotel. Only $8. True story. You can come here if you want to prove it. Or you phone Hyatt Yogyakarta to ask and prove it.
@@ndorobei4391 yea, and minimum wage is $150, which is 1/18 or roughly 5% of their salary just to swim once LOL
@@imamfajar930 Lot of company write $150 on paper to manipulate the tax. We actually make more. I am live in Yogyakarta and get like around $2000 , and lot of my friend get at least $1500. If I take freelance job from over sea, I can get $1000 more. So, here is just like heaven bro.
@@ndorobei4391Hyatt hotel in Indonesia just cost 8usd..for real?
I feel that the views here are very well balance and captured. And what the NY shirt guy said it the best "...this is not only a Singapore's problem, it's a whole world all country problem" on helping low-income people survive.
I love the raw and unfiltered answers of the locals 💪
How do most of you guys still make profit, even with the downturn of the economy and also increasing life standards?
Well, I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
This is correct, Beatrice's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started..
Beatrice O Wendy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
Please educate me. I've come across this name before. Now I am interested. How can I reach her?@@kathrynkathryn2571
@@AnitaKingsley-pg1ucShe's mostly on FACE-BOOK , using the user name 👇.
The tattoo artist talking about cost of eating at home is 100% true. It is cheaper to eat outside like nasi padang or chicken rice or such. Its not necessarily unhealthy (except for a little too much salt and oil) but can make do i suppose.
Honestly if you cook everyday, it is cheaper. You can’t just buy all the condiments and just cook chicken stew once, of course that will be expensive 😂
This is true talking to a working mother point of view. I used to cook for dinner but I realised it is more tiring to make dinner and spend time with my young kids, checking their homework etc. Raw ingredients itself can cost about $15 (agaration). I still gotta use water to wash my utensils, gas to cook, electricity to cook rice and spend the time to cook. However, I can spend about $30-$40 for dinner outside for a family of 4 and have more quality time with my kids. I even love using panda/grab self-pick up and take-away food home. The vouchers can give me more discount and I really save time as on the way to the shop, I just order. By the time I reach, food ready.
Cooking everyday is cheaper than eating out. Again you have to compare the type of food you cook at home and when you eat out. Try cooking nasi Padang at home obviously us going to cost you more as you need all the spices and it’s time consuming. However, if you cook a healthy meal of stir fry veg with chicken slices, then you are better off at home. Again, if you just cook for 1 person, the effort and ingredients will have to be calculated. Generally, cooking at home should be cheaper.
i think cooking for one person vs a family makes a difference too!
Singapore is moving towards a high income and high cost stage of a developed country. The good thing about it is that those who made it into those high paying jobs will do alright while those who are stuck in the lower paying jobs or with family / debt burdens will be struggling .
The truth is that probably 70 % of the population are doing alright and getting by fine . The rest need help but a country can do so much because all out support for these ppl will destroy a country financially, socially and from a human capital competitive perspective.
So the truth that nobody ever talks about is this - every society including Singapore would have those who didn’t make it. The government will try to support in some ways possible but it never will make life comfortable for them. This is to ensure that such ppl are given the right incentives to find their way out. And if they choose not to , or if they are out of luck, it is what it is and they will suffer till end of life . So it is a little sad but at the same a balanced and fair approach to keep the society going but too truthful to be shared by any politician
That poor woman. That broke my heart honestly
据说英语是新加坡的公用语言。没想到新加坡也有人不会讲英语。
@@お節介じい 因为早期的新加坡， 不是每个人都受到教育。现在有些新公民来自中国或马来西亚也不会说英语。
Auntie got tshirt says "but first brunch" .. hehe cool tee
A fallen civil servant can still get 8.5K per month in Singapore.it’s an insult to the poor
Dude other countries that kind of civil servant don't even fall. That is not insult, that is in your face...
the devil looks after its own! always.
As a Thai Citizen, I found out Thais have an excellent government healthcare system that helps the poor at almost no cost, and the queue is short to get all the treatments. This really surprises me because I took my mom to get free treatment and get the same medicines that private hospitals may have to pay thousands of THB including a lot of surgery also free.
Salute Thai government.
SG government is quite stingy especially if you consider how much they make every year.
@@Emsyaz they cant because military expenditure is very high
@@Emsyaz SG is the richest country in SEA especially government. I always thought they treat their people much better than Thailand
Your government takes care of you in healthcare system. You are blessed as a Thai.
that is Excellent news! Never knew that about Thailand. At least you have that. Now onto providing free education, and care to young girls.
Poor can become poorer. It took a while for Garment to realised that a estate cleaner's salary of S$1000 per month can be reduced instead of increasing due to competitive vendors bidding to the lowest price and passing the cuts [lower price] to these already struggling people.Kindergarten teachers are also in the low income bracket of below $2000 while some Ministers are living the luxury. Surprise? That's Singapore.
Worst still is that our Garment still impose tax on such meagre salary. Please wake up and review tax bracket.
It is exciting that even older adults know about many financial terms: turnover, SWF, GDP... this means that Singapore has a very excellent education, and their people all know the importance of education to their children.
haha, thank you! the older people read the news a lot & socialise, i guess that's how they learnt about all these even if they didn't receive much education.
@@bluePigeon-jm5pm how is he underestimating? he literally says sg has good education
I have come across Singaporean who called themselves poor but travel only in taxi and have air purifiers at home, really! I am speechless 😅
When I was helping with grassroots 10 years ago, I met a family which was seeking social assistance because the husband suffered a stroke. Yet, the wife was carrying the latest model iPhone at that time and their LCD tv was bigger than mine at home.
@@uwet.8826 yes I think you have a point that some of them seek assistance due to poor financial decisions. When they were financially capable, they didn't save for rainy day. And when tragedy strike, it's a little too late? I've seen families who spent extravagantly but are highly in debt. My family, we look 'poor' but are the ones lending them money to pay for bills urgently. Most of the time we don't get the money back.
@@uwet.8826 Ppl dont like changing their lifestyle,if they were living a good life and then got broke suddenly, they will do anything to try to maintain their life style including debts and seeking family help , government help anything to keep their image rather than accepting the truth and trying to live within own means
They know that they are financially irresponsible, but don't want to improve on their situation... 🤭
@@endi4654... Really sway surrounded by leeches
7:32 Totally agree on this, since healthcare is a necessity as we age. Not being able to access it is bad news especially if you have chronic diseases.
As the saying goes, "Singapore good place to live, bad place to be sick." 😅
There is a saying, you can die in singapore but cannot be sick. 🤣
don't you guys have Insurance at least to cover the crazy medical bill?
Love the interview with the tattoo artist. He has some interesting perspectives on cooking at home versus eating out that I think not many people consider.
Agree with that guy said that:"Every city is tough." Unfortunately most of people in this world still don't realized. Some of the country citizens taught that changing a new government will dcrease the living costs.😢
No, it won't. But at least there's hope that our voices will be heard. The problem with having a government that has stood uncontested for decades since our independence is that they think they know what's best for us. They have grown detached and disconnected from the reality facing a lot of our citizens. Our pleas have fallen on deaf ears.
The unaffordability of housing for example is a huge problem for many citizens particularly for lower income individuals and families. In spite of cooling measures, we are still seeing million-dollar transactions for HDB flats. While one may argue that these cases are far and few between, it is still an issue that should not be ignored as it will only get progressively worse.
On top of that, the slew of controversies that have hit the party has hurt its image, thus it's understandable that the people's faith in the government has wavered.
It can't be denied that they have done a lot for the progress and development of our nation but it has come with a great cost to those who have been left behind or fallen through the cracks. Giving out handouts is only a temporary solution and it's not sustainable in the long run as it puts the burden on taxpayers.
@@s_shaleh R u saying it is the govt's fault dat certain premium RESALE flats hv hit a million dollars? The reality is dat many Sporeans hv made gd money under the PAP govt n r willing to splurge big money on a desirable resale HDB unit. Not the govt's fault.
@@s_shalehBasically you want a populist party that tells you we will hear your voices and will do x and x measure and it doesn't fixes the problem, but hey at least they hear your voices and opposed the ruling party 😂😂😂😂. Bipartisanship sucks.
but it's not true in the slightest. some cities are near impossible to save money for the average citizen, while others are super easy to get jobs and save lots of money.
I just wanted to let you know that I absolutely love your videos. Your content is both entertaining and informative, and I can't get enough of it. I've already subscribed to your channel and eagerly look forward to more amazing content from you.
By the way, I'm originally from Singapore but currently living in Saigon, Vietnam. Your videos have become a delightful part of my routine, and they make me feel connected to the online community even when I'm far from home.
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The cost of living in Singapore is insane. my income for a year was less than their income for a month. I'm grateful that even though my income is low as an Indonesian (compared to Singaporeans), I can still save... and pay for all my parents' needs. giving pocket money for my younger siblings, traveling, buying books that I like every month.
I'm not saying I'm rich.. it's just that, when I need something, I can fulfill it.. no need to wait or be in debt.
in my opinion.. lifestyle also has an influence. I try to keep my lifestyle so that it is not higher than my income. because I have friends who work in Jakarta. Their monthly income reaches double digits. but the money always runs out. there is nothing left. I was even more surprised when a friend of mine told me they could spend 4,000,000 IDR a day just to hang out. That money is more than my salary for a month..
Thats what called "barokah"...
Appreciate the old man. He really hit on the truth.
it's sad to see comments like this one that champions victimhood mindset. The man with the concealed face has no visible physical disabilities, acknowledged he has gotten handouts from the government, yet still talked with an obnoxious tone of self-entitlement. His gross misinformation on things like PSA daily revenue also hints that he is your typical empty vessel that makes the most noise - PSA 2022 annual revenue is $8 billion, that's daily revenue of $21 miilion, not $1 billion according to his words.
Contrast his attitude to that of the lady who helps out at a friend's food stall. She stays in a rental flat, also getting handouts from government, but doesn't talk with the attitude that the world and the government owes her a living.
Others.....just another Media promo
Good to see Asian Boss having more stories about the City-State of Singapore
AsianBoss might not be allowed to go around too much soon. SG gomen hates it when media exposes a different narrarative
@@willc7861You think Singapore is like Malaysia 😂
@@willc7861 AND SINGAPOLEANS LIKE TO COVER-UP FOR SG GOHMEN
I wished that financial advisor shared his idea of living comfortably.
Living in a large condo, eating at posh dining place 3 times a day, owning a fancy car, able to buy branded stuffs without considering the price of it... probably
I think 2k will allow most to live quite comfortably in SG.
Our hawker food are cheap and good
Places are easily accessible with increasing train lines and buses.
Expenses can easily be kept within 1K (for ppl who stay with their family)
I know a few people who earn as low as 2K but you can still see them enjoying life, going overseas etc.
Probably spending few thousands clubbing, socializing, traveling
I just came back from Singapore. Everything is so expensive. A small cappucino cost $8. Dining out cost $50-60 for 2. For a fancy place, that could be $150 or $200. I spent over $1200 SGD just on food+travel for a 3 day trip (2 person) and we were quite conservative with our budget. We mostly ate at hawker centers and only dined at nice restaurants a few times. I feel $2k is nowhere near enough to live comfortably in singapore.
Couldn’t agree more. To some people, living comfortably can be to be able to splurge thousands on branded clothes, shoes, bags, having meals or Omakase at Michelin star restaurants and traveling for few times a year.
@@fearmetoo-le8dw I believe we have a pretty wide disparity on our understanding of comfortable living. At least, i wont regard $200 a meal for two to be conservative.
But to be fair, i think expenditures made during a trip are quite different from those made on daily / regular basis.
10k/month is not enough to buy you a "large condo". It can only get you a pretty basic one now.
I feel like it’s so much harder to be considered poor in such a developed country, I mean sure the government may help but being such a minority and be at the low point of the social class, I can only imagine the damage that does to a person.
Living in the Philippines where the rich are the minority somehow normalizes poverty.
Now i don’t know what’s more sad.
I think people should have a dignified life. There are bound to be poor population everywhere. The job of governments, or at least most Asians' expectations, is to provide accessibility to dignified clothing, sustenance, housing and transportation even for the poorest population so that people don't have to scavenge the rubbish for half-eaten food and means to find work.
poor or rich is a mindset..... what you think, you become 😜
I was homeless, got addicted to drug's went to prison after some years, came out and Heaven came through for me in my finances too making $12,550 in just 1month in forex, rented my first apartment last week ,can't be more proud that I'm right now
What a great news you are really doing, my finance are really in mess right now and great tip will really go along way in shaping my life too im open for idea
I work at a restaurant here in Houston Texas. Things have been really difficult as I'm a single Dad parent and trying my best to pay bills and take care of my daughters
I started pretty low investing in forex though with $1,250 thereabouts. The returns came massive. My son Joe is in school now doing well, telling me of new friends he's meeting in school. (Alvarez Harry) is a Blessing to my life
Wow 😲I'm shocked you know this man too he is good with and on his job. He has helped a couple of families finances, I thought I'm the only one investing with him
I'm a bit perplexed seeing him been mentioned here also Didn't know he has been good to so many people too this wonderful, I'm in my fifth trade with him and it has been super
I’m singapore born living in U.K. for the past 24 yrs. I agree food shopping is more expensive in Singapore. However, your wages for an equivalent job is higher compared to the UK. Your mortgage can come from your contribution to CPF which your workplace contributes a high percentage into it. Over in UK, mortgage payments comes out from the take home Salary. What ever contribution into a pension scheme otherwise is untouchable until retirement age. I return to Singapore every year and with my wages from UK, I do find it expensive as I do not draw Singapore’s equivalent salary.
Very interesting interview showing a different side of Singapore society that most around the world don't know about!
This is such a great video and the perspectives it outlines across demographic segments. To truly understand what the median needs is a hard problem but the fact that the citizens believe their government representatives are doing their best to achieve that is quite an achievement in itself.
A good close to heart street interview from the communities, reflecting the real life of what are the low income people living now. Thanks 🙏🏻
6:17 I cant help but agree with this guy. there's no fresh meats yet it was much expensive. the affordability rate is insane, prices raised close to double within barely few years.i wasn't able to earn a living as I injured my brain back when I was in sec4 as my classmates kicked the soccer ball from outside field into the field over the fence and hit my head which after close to a decade I realised it was brain injury, I wasn't capable to get a job as brain fog happens, had to deal with daily headaches as my pituitary gland was damaged. before the gst hike and pricing rises, I was able to not touch my savings and even save more, but with the rising cost getting terrible, I wasn't able to save and ended up spending more. simple stuff like transportation, previously if I were to go out for five days, it cost around $10, now? two days would cost $6. I pretty much seldom go out now.
i am a retiree. i had to see a dr about a sty in my eye. bill came up to $47 cash payable. i couldnt touch my medisave which i have a lot that amount is quite a bit fr me. now i check my medicines if i dont need i dont take. saves a lot. yes we retirees born in the 50s are the new poor. worked all our lives (me, 30 over yrs, bought my own flat, put our children to university) and still slogging to keep our heads above water, because the govt is squeezing us dry. the more we earn the more they take. !:( call us rich? sure they are! we arent!
Actually, based on those interviewed, they are considered quite alright as compared to many countries. As Singaporeans have travelled widely and frequently, they can see what is actually poor in other countries, even in developed countries.
Agree. Generally many Singaporeans are privileged but they compare to others who are richer so they feel "poor" but even poor can use iphone in SG. They should go open their eyes in nearby country like Malaysia and Indonesia then they will be more grateful.
But rental in SG is crazy now though,doesn't makes sense.
In other countries it’s not a crime to live off the streets, beg or even camp by the park. In sg, if u do so, u will be arrested. It’s a crime to be desperate in rich Singapore
You can tell from the way most of them spoke that there’s trust in the government and the system. Apart from that well-spoken old man. When the country is small and rich, it’s easier to care for the poor.
@@user-pt2pc5uf1g At least you can live in jail and get help, probably.
@@user-pt2pc5uf1g Please enlighten me: what section of which statute makes it a crime? If u can't, stop spewing rubbish.
Everyone said very expensive but couldn't tell the different. My experience in 2020 after covid buying the same products vs 2021 vs 2023 increased by 15% - 20%, some increased to 30%. Would say suppliers had profiteering before the gst hike and after gst hike add another layer of cream. Basically all started from rental fuel and transport increment. It multiple drastically.
so true 😭
Thanks for your work Asian Boss
I really appreciate what you do
I visited Singapore two weeks ago, and as a Filipino living in the countryside of the Philippines I have to say Singapore is really expensive. A meal on a not so fancy but decent food court costs me 7SGD on average (~300Php) with no drinks (soda or juices) included. In my city, I can buy the same meal at around 80-120Php. A bowl of dessert also costs me 4SGD(170php). Taxis are also expensive, but the good news is you have the MRT and buses of which on my usual ride costs me only 1 SGD per trip. More development cities are more expensive to live in, in general. It is what it is. I kinda like its sidewalks, it’s so friendly to walkers. In Chinatown where I was staying, I barely saw obese individuals (please don’t me wrong).
Coz food is expensive so they eat less
7SGD per meal?? You could spend half of that on a better meal here
You can't compare it that way bro. Tourists from slightly poorer countries (no offense to the Philippines, most of the countries are considered poor compared to SG) might find expenses SG expensive. But remember, Singaporean also earn more.
For example, based on what you said, a meal costs 7 SGD (300 PHP) in SG but only 100 PHP in PH. Let's take an average income in SG as 3,000 SGD (125,666 PHP) and 34,000 PHP (811 SGD) in the Philippines. This means you guys earn almost four times less than in SG, but the food is only three times cheaper. So, in terms of the income-expense ratio, food in PH can actually be pricier than in SG.
Sidenote, SG people just need to spend half a month of salary to buy an Iphone, but as a Malaysian we need to spend two months of salary to buy an iphone😢
@juswesaligan5016 Living costs are generally in line with the median wages of a country so if the food cost is one-third are your median wages in your city also one-third?
hmmm I disagree on this when you compare the prices of food in philippines and singapore. In singapore, local food in hawker area you can buy cheaper meal than 7SGD and yet the portion and the taste is really good. In the philippines, locally that 80-120 pesos meal only consists of small amount of meat and 2-3 cups of rice.
I’m in the UK and where can kids eat free?!?! I agree with him on the cost to make chicken soup, but wages are much lower here than they are in Singapore.
He exaggerated about the cost of chicken stew in Singapore. I cook too but I wonder what secret ingredients he used to make a SDG50 chicken stew. A 2kg pack of frozen thigh meat is less than SGD10.
Not gonna lie but when the guy said he needed $50 to make a chicken stew, I was like “what kind of chicken stew you making? Truffle chicken stew?” 😅
Probably he adds shark fin and abalone in his chicken stew 🤣🤣🤣🤣
@@uwet.8826 Likely his wife does the cooking, not him. He might be just making a guess.
Take it as pinch salt. Many story tellers out there. In order to live well, one must be disciplined.
It's great to hear Singapore English and their Sinitic language spoken casually.
Im still a student and this video made me realised how lucky i am to be blessed with parents that have a above average salary range.
Definition of 'Poor' is not the same in Singapore as that in Malaysia , Indonesia, Thailand and Philippine.
I miss living in Sg, just by watching videos like this it brings me back to the wonderful memories i have with Singapore. I love you Singapore you will always have a place in my heart, hopefully I can come back soon.
The fella at the end of the video is speaking words of wisdom. At the end of the day, what is able to bring joy, its setting the right expectations for what can give you contentment in the situation you are in. If you set unrealistic expectations for obtaining contentment, you will be miserable , especially when you start comparing with what others have. This is not a society where one should expect equality in everything, especially in terms of monetary status. If one thinks it should be, then that person is in la la land. There will be those who are going to be super rich, and there will be those who will need help. We live in a broken world, far far from being perfect. We should live with contentment with our lot, and help those in need whenever the opportunity arises and to our ability to help. If we can strive to do that, we will have joy and contentment in life, which is really what people seek anyway at the end of the day.
Thanks for making this video. Very well done. Never know about $26 rental. Never know that $300 works for some people. It is a very interesting street survey.
8:28 Honestly, that's the biggest issue no matter where you are in the world, more often then not those who need the help the most don't know they are actually able to receive help
Both my wife and i have a combined monthly income of around equivalent of SGD 4,500 in Indonesia, with 2 kids. while i know that quality of life here and Singapore is not the same, but sometimes i feel blessed that we are still living comfortably compared to many Singaporeans who earn roughly the same as us, but is struggling even without kids. you got to feel bad for the younger generations that are feeling more and more pressure with the high living cost there. i imagine you need at least SGD 5000+ to even live a good so so life there without any luxury etc.
Thank you for the insight. I just ask myself the question and was amazed to find your vid addressing the issue. It was very informative. I must also complement the people for the clarity of their views, even the aged
Being a person who is in SG for past two months and hoping to call it home for a long time. What I have seen are two extremes . There is group of young and old alike who hard working, grounded and polite. Just have a look at hawker centre 24 hrs, small, humid hot places and people serve with a smile. Then there are people who cannot stop complaining. Honestly I find mid level and secure job, living in condo people complain more. So things are subjective. This is small country and I do think govt does quite a few initiatives for their people with subsidies. I dont think I can complain as outsider, I can eat at hawker centre for same price, shop at local super market where owner brother tells me when he has cut a fresh jackfuit and old lady at the bakery explains me which breads I can eat allowed per my faith. I shop for cloths are local market or bugis. It is manageable honestly, rent part I cannot avoid. But if I eat at fast food joints, shop at malls, I will complain expensive. Also, govt does their bit for people, it is clearly seen. Also, as expat I should be the last one complaining, come to India a juice sold to local for 10 rupppes is given at 250 ruppees to a foreginer. I dont see such discrepancy in SG. Problem and solutions lie within society but I see most SG locals to be hard working, family people and mind their business kinds!! India can be expensive if I spend on luxury more than I earn. Its not the money, its how you use money.
I wonder which upmarket supermarket the tattoo man shops at? Most of us pays abt $10-$12 for a fresh chicken, $3-4 for frozen chicken. $50?!
I know right. mushrooms and potatos and carrots at cold storage super markets are not expensive too, wet markets are affordable too. Maybe he put red wine in his stew, then it is possible to cost sgd50.
Lol... I had the same question.
exactly... fresh organic whole chicken probably cost at most $20-30+?? I'm not sure where does he shop for $50 frozen chicken?!
I’ve been living in New York for 35 years and consider myself a New Yorker and it’s not true that I have to find a bug in my meal to be a New Yorker 😂😂
ya, chicken stew at saizeriya only cost under $8
The uncle in light green shirt is right about the limitations and requirements about help given to the people that apply
Minimum living cost can be used as a gauge of your own spending.
If chicken rice + drinks is $5, eat 2 times a day is $10, a month is $300.
rent $850, transport 22 days for $3.5 per day. $77, phone $30
that's $1257
if $4000 to $5000 barely enough to survive. Maybe he needs financial advice.
It all depends on their expectations in life. To live affordably and contented or comfortably. To some $1000 may be sufficient to others $10k may not even be enough if they expect to live in luxurious comfort.
I really felt is very subjective depends on how content u r w ur life… n mostly be grateful… i myself not earning a lot compare to my friends but im very happy with it.. hope everyone can get whatever they want … God Bless…
In 1999 my father decided us to stop pursue being a permanent residence in Canada, despite having a competitive salary for that period of time.
Nevertheless, he thought he could contribute to our homeland Indonesia, but at the time it was bad timing and people in his sector were still hiddenly corrupted and tackling one another.
Alas, around 2000 when Singapore opened registration for finding 10k or 20k new residences fron various educational and working backgrounds, my father was offered by one of his Singaporean businessman friend to become a citizen.
At first he was tempted to change citizenships, but after further calculation he comtemplated and decided not to become a Singaporean.
Despite feeling the lack of appreciation in our own country, he felt that having lower salary but able to visit Singapore in business or academic seminars and events was enough for him.
The only one of his regrets of not becoming a citizen was at the time, the Singaporean government was willing to support one of his inventions, but he was still hoping aid from our own government but was given false hope.
As a Singaporean, the truth and reality of it all breaks my heart. Everyone thinks our salaries are high compared to the rest of Asia and while true, we're also the city / country with one of the highest costs of living. My friends from Malaysia, Vietnam, Indonesia take the same salary we do and can go back home to afford having families and having housing that doesn't cost them an arm and a leg. I think that is the true cost of being Singaporean, your comfort is not easily earned and it's hard to make it permanent.
Anyway calculating comfort is relative. 5k seems like a lot to many, but once you are not single and start paying mortgage in Singapore, 5k is nothing, because you'll be left with not much at the end of the day. So in that sense the insurance guy stating that ~10k is needed to be comfortable makes complete sense if you take into account that you have to feed a family, pay mortgage, cover all the living costs and prepare for retirement. If you're in your 50s with your house paid for and your kids all grown up and everything settle, less than 3k can be very comfortable for you.
It's not only who you ask and what they think, it's also knowing what they have to pay for and the cards that will be handed to them down the line.
Worst still is 20% of your paycheck goes to your CPF contribution. So your gross salary of 5k will be reduced to 4k net salary (before income tax and maybe Medishield?) As for cars, you can hardly own one unless you are cash rich to pay for the COE.
I raise my both arms and legs and totally agree that our Msian, Indonesian, Vietnamese...friends earning the same amount and bring home a fortune to build houseS😅
Hi,just wanted to point out that PSA is no longer Port of Singapore Authority. It became an independent company and was corporatised years back :)
Thanks to this video! Gained new insights🎉 never knew medical costs in Singapore is so high even in polyclinic
the host the way she speaks and the way she ask questions lol 😂
I think she was trying to press the young man. She was like in disbelief of his perspective lol!
It does not cost SGD50 to make a chicken stew in Singapore....unless you're exclusively shopping organic produce at like some speciality store or something. Fresh produce from the wet market (where most people buy produce) isn't gonna run you SGD50 for a single pot of chicken stew. I can't say much about eating out vs eating at home but I can say that you definitely can eat out 1-2 meals everyday... if you buy from a hawker center and not a restaurant. Singapore is expensive but I have no idea where the tattoo artist is coming from with his estimates. Granted I don't know his lifestyle, so I can't judge. If you want to live comfortably - that means not just the bare necessities like bills and groceries but yeary vacations & stuff - I think more than 5K is a realistic estimate.
exactly. but making a pot of chicken stew, you can feed yourself fr a few days compared to buying a plate of food at a kpi tiam now about $6,7 or eve $8!
My good friend is a single mum with really small children. Her salary is $3000 and she is able to get $600 from social workers located at her estate cc. Her child care centre also highly subsided too.
-Visit polyclinic do not need $60. It is less then $30 depending on what type of medicine/ treatment, how many months of medicine a person is collecting and the subsidise card we are holding. (Sometime even pay less then $20)
-In Singapore gov clinic or hospital, they will not stop you from getting a treatment even if you are poor. The most after treating, they will arrange you for small installment payment or refer you to social worker to see if you are able to apply for more financial assistance in subsidise medical bill.
Ya, but she has a leg injury, so are you saying that she did not have to pay $60 for her visit? Not saying that you are wrong but it sounds to me that you are accusing that lady who can survive on 200-300 dollars a month of being a liar when every single dollar matters ALOT to her. In addition, there are quite a few people who also mentioned about the healthcare costs being a contributing factor to high costs of living.
that is the first time hearing from random citizens in any country that the government is doing their best to help the low income/poor people of that country, but the man with his face blurred really put things into perspective that even though the gov is helping, it is hard to seek out that help and for how long will that help be available to them, so it is pretty much the same across the world.
Thank you for a great video. It's nice to see you guys doing an actual video instead of dong short videos using you old videos.
Asian Boss is back with the social economic focus. That's great. And good job with the lighting. Lighting outdoor in Singapore is not easy with the bokeh and all. GJ to the interviewer too.
Thanks, this really put others perspective into account.
Singapore Gov. did pretty good within a decade, rapid economic growth, GDP goes up and still keeps Gini Coefficient steadily.
for Asian Regions, in terms of Gini Coefficient, a source reports Hongkong ranked #9 (53.9), Singapore #26, (45.9), Japan #116 (32.9), Taiwan #111 (33.6), S Korea #128 (31.4).
(The lower the Gini coefficient, the more equal the society is said to be.)
Great video 👍🏻
Average income here in southern California is 10K USD per month. Anything below is considered low income.
Are you serious? I'm originally from CA but have been living in Songapore for almost 5 years.
It's crazy how much it has changed !
Yeah but you can't compare the taxes. If you make 10k USD monthly in SG your tax per year will probably be around 10-12%. In California would easily be 40% if I'm not mistaken
Depends on whether u have dependencies to care for, housing loans to pay etc the definition of rich is subjective and there is not enough context to really determine if someone is rich or poor based on how much they need to get by
The majority of people in every country make just enough to survive, even the US. It will always be that way. Prices and wages will always trend toward that equilibrium. What's most important is quality of life. Do you have a good community? Do you have access to services? Is your community safe? Singapore seems pretty well off in that regard.
One biggest problem in Singapore is Singapore pools. The government made everyone a player. Singaporean will know lah😢😢
nice video, every people in this video bring different point of views. and i like everyone who contribute on this video. hope i can move to singapore and prove it by myself.
I don’t feel rich I feel like we’re missing something. We lack cohesion and compassion.
12:10 This is the most essential part of the message. Everywhere is tough as long you are in a city.
i like content like this, open our eyes and thinking
Very interesting interview. I was a few times in Singapore. I saw poverty, I saw unbelievable wealth, I saw an ultramodern city and as far as I understood... housing is the most costly in Singapore.
Singapore government is the best in the world. We Singaporeans really have to be appreciative and grateful to have such a wonderful and nurturing government to take care of our basic needs. The grass is not always greener in the other side and we must thank our lucky stars to be able to enjoy such a good lifestyle in general.