Americans React to What is Considered Poor in Singapore?
ฝัง
- เผยแพร่เมื่อ 8 ม.ค. 2024
- In this video we are back with another singapore reaction and another reaction that is connected to the wealth of sinapore as we are going to be giving our what is considered poor in sinapore reaction! If you enjoyed this reaction to Singapore, leave more suggestions on what to react to next in the comments below!
#Singapore #Reaction #Geography #americansreact
Our Main Channel:
/ hollista1234
Our Travel Vlog Channel:
/ @trifatelifestyle
---------------------------------------------------------------------------------------------------------------------
FOLLOW US
►Instagram - / trifateyt
►Patreon - / trifate
►TikTok - / trifatelifestyle
►Twitter - / trifateyt
Our Gear:
▸Desk Camera
amzn.to/3OAn2f5
amzn.to/3sjCkxh
▸Desk Mic Setup
amzn.to/3P7ELMJ
amzn.to/3QGpEem
amzn.to/3DYgRfX
▸Vlogging Gear
amzn.to/3OZ63EA
amzn.to/45gk5I0
amzn.to/45gkdqY
▸Travel Gear
amzn.to/3OZ10nZ
We jsut went to Singapore! You can check it out HERE: th-cam.com/video/tPgWmo-i5ak/w-d-xo.html&pp=ygURdHJpZmF0ZSBzaW5nYXBvcmU%3D
That young dude saying 10k to living comfortably is probably a high spender.
For singles 5k is enough. Rent is 1.5k+500-1k insurance+300 transport+500 hawker food+30mobile plan and you will have 1-2k for savings.
Most of the poor in Singapore are better than those in 3rd world countries. They can apply for rental flats & get mthly allowance from government although not much but there are provision such as grocery. I have known an old lady who is living alone in a rental flat but she doesn't lack anything.
Unless when you're single with no kids,esp if you're not the gov defined age of seniority.
You can't get a rental from the government that easily even if you have somebody else to apply with or dont mind sharing.
And you are totally ignoring the homeless. There are still homeless people who either dont know how to apply, cant get rental or dont want to stay in the complicated hostel where they cant have own peace.
If u ask a Singaporean about being poor, it's subjective because any increase in prices (due to inflation, etc.) would make u feel poorer so people will complain as such. Singaporeans are chronic complainers, especially if they have no external context to compare with. But if we were to compare with other countries with real 3rd world poverty, then we are much more fortunate in comparison. Especially when there are govt subsidies for citizens. Not a welfare state but measured support is avaliable there. Its always a balance here.
The name is Singapura which means Singa (lion) pura (city). As time goes by it got to Singapore.
The 9 to 11K quote is odd if he's not married and living with his parents.. If he has kids along with parents to support, then the quote is understandable. He didn't clarify so it's up in the air.
For single: in Singapore dollars.
Poor : $1000~$1500.
Average : $3000~$4000.
Above average : $5000~$8000
Rich : $10,000 & above.
p.s. It also varies with individual life style.
Expensive :
1. Rent (HDB 1 bedroom) cost $800 to $1200
2. Cigarettes cost $12 to $16 per pack.
3. Recently of daily food just goes ‘skyrocketing’
(Imagine in 1960 a bowl of noodles cost 20 to 30 cents.
In late 2023 it cost $5 to $6 in an housing estate coffee shop)
Now, in 2024…it will probably goes up, up & away!
At shopping centers it will cost $8 to $12.
4. Hospital & Medical cost.
We built hospital that looks like 5-star hotels. Take a look at our SGH.
There are not 1 but a series of blocks that looks like 5-star multi stories hotels.
These what are some aspects of Singapore expensiveness. OMG!
Most local born Singaporeans are middle income earners.
And most of the Crazy Rich in Singapore were born and grew up outside Singapore before migrating to Singapore and taking up citizenship and/or residence for one of the many reasons which include low income taxes, low crime rate, ease of setting up business, political stability etc.
To clarify your confusion:
The freelance driver might mean revenue which is the amount he makes before expenses (Petrol and Car rental). If he is making $5k nett a month, then he must be working for very long hours. A good estimate of a freelance driver salary is about $25 - $30 per hour before expenses.
A financial advisor would usually earn more if he or she sells more. They rely on commissions and overriding to earn more. When asking an employee about his or her salary, you will need to add 20% more a company needs to put in his or her retirement fund.
However, a self-employed worker like the freelance driver will not have the extra 20% but might even have to put some of the money he makes into his retirement fund. Therefore, the freelance driver should not be better off than the financial advisor unless he works around 15 hrs a daily.
Singapore comes from the sanskrit for Lion City. So yes, it means something.
The English name of "Singapore" is an anglicisation of the native Malay name for the country, Singapura (pronounced [siŋapura]), which was in turn derived from the Sanskrit word for 'lion city' (Sanskrit: सिंहपुर; romanised: Siṃhapura; Brahmi: 𑀲𑀺𑀁𑀳𑀧𑀼𑀭; literally "lion city"; siṃha means 'lion', pura means 'city' or 'fortress' ).
Trust us, our Government takes care of it's citizen.As someone on social assistance, I lack of anything.I own my own flat too.
Surviving day-to-day is one thing, and can be tough (the lady who needed acupuncture sounds like she's receiving a fair bit of social assistance. For example, her $29 studio apartment is specially set aside for lower-income folks who qualify. Typically renting just 1 room on the open market sets you back around $800).
So day-to-day costs are one thing but like the private hire driver and the elderly man at the end mentioned, it can also depend on other things. Healthcare costs, retirement costs, costs if you have to feed a family or have family members who are sick or unable to work to take care of. That just adds up quite quickly.
The tattoo artist and private hire driver are right imo tho. Every place has its challenges, and the grass typically appears greener on the other side. But of course, we can and should always strive to do better and there have been increasing calls for the govt to provide more help.
So when you hear the term "financial advisor" it sounds like it's a job that demands a lot of financial expertise but in Singapore the term covers a really wide range of jobs. Someone who sells insurance policies also call themselves financial advisors and if you're making money from regular citizens it is really not that lucrative, especially when the industry is super saturated at this point. Then you have the ones who work for banks and investment firms, who advise really rich people and companies. Those are the ones who are making big money and require a lot of financial expertise and acumen.
For your info, the median salary in 2023 or 2022 is around SGD5500 per month. One good thing about Singapore is that the income tax is much lower than most of the western world.
How much a person needs will vary with their life stage. If you're single and looking to settle down, and get your own place, it is not just enough to meet your expenses. You also need to save for your home (most Singaporeans buy their apartments), and when you get married. When you are married with children (or child), the child will have expenses. And when you are retired, medical bills may be a significant portion of your monthly budget. Then there is the cost of modern living - smartphones, and internet access. I think the interviews would have been more useful if the interviewees were asked at what life stage they were at. Where they single and looking? Were they married with children? Are they retired, with children all grown up and independent? Are they living with their spouse and do they have medical issues? Do they have grown up children with special needs and who cannot be independent? It's a contrast for the elderly woman living in a $26 a month rental studio, and the 70 yr old Architectural Consultant who cannot retire. I am sure he has more savings than the woman, and his need to work is more by the choice of his lifestyle.
Thank you for this video. Wonderful content. How time flies, how things changed.
Singapura was a territory of Malaya when gained independence from the British in 1957, both were a poor country back then. When the federation of Malaysia was formed in 1963 with Sabah and Sarawak, Singapore was still with Malaysia. In 1965, Singapore gained independence from Malaysia. Malaysia is still a developing country while Singapore is now a fully developed country with one of the highest cost of living in the world.
Well, to be fair, there's a huge income gap between the filthy poor and the filthy rich in each country. The policy in each country creates a conducive environment for the rich to survive, not the poor. The income per capita standard is just far from the median average annual income in any country. C'est la vie.
in singapore , we all strive to be rich, but he also like to talk shit about the rich
In Singapore "Financial adviser " is really just a nicer sounding name for insurance salesmen , the term "salesmen" is considered very low here
just like Malacca (by British) has been reverted to the original Melaka, Singapore is named by the British. The original name is Singapura. It is in sanskrit. Singa means lion. Pura means City. the english people like to change names and called stuff to their own convenience. till date, most westerners still cannot and refuse to understand esp. Asian Chinese names start with Surname and followed by the name itself. they still call us by middle name.
Basically, S'pore has a bigger middle class than the super rich and poor class. I live in this area which is one of the oldest towns in Spore that a has higher percentage of elderly. Now it is no longer considered a poor area. This is because with younger families moving into this areas with mamy new condominiums and bigger housing mix, the property prices have shot up many times over due to its close proximity to downtown. In a nutshell, Spore is relatively comfortable with the poor being taken care of by the govt many schemes to help them cope with rising costs after covid. Now foreigners are flocking to our land to work here due to high S'pore exchange rate and we find ourselves over taken and overwhelmed by their inflood. We are considered the most expensive city because of exchange rate comparisons when in reality it is still manageable if we spent within our means.
The median income in Singapore is $10300 to $10600
Most Singaporeans don't rent unless there are some special circumstances. We used to rent for a few years because of bankruptcy but we managed to get a flat and it is paid through CPF (a forced saving fund by the government). If a lower income person making less than SGD2000 (USD1500) has a flat paying through CPF, they would have much more cash in hand than your example of paying $800 for rent and left with only $400 for expenses. There are many scenarios where we could get a flat a cheaper rate, as long as you are not fussy.
the name Singapore derives from Singa Pura...meaning Lion (Singa) City (Pura)
More than 80% of Singaporean stay in public flat. The interview took place at Bukit Merah, one of the most expensive public flats location. 😅
"Singapore" is anglicized from the Sanskrit "Singapura", meaning "Lion City".
For U.S. 2021 poverty thresholds were: $13,788 for a single individual under age 65.
Singapore is derived from Singapura which mean Lion City in Sanskrit.
Singaporeans will always seem like they are not living up to standards, but in actual we need to be awared we are living a lot better than many other countries out there who barely have 1 meal a day or no meat in their food.
thank you for touching on this subject.. singapore is not that rich
Singapore have 184 000 millionaires - ^^
Please reaction rewind indonesia 2023
My monthly expenses about $400.
i have known financial advisors who earn more than 10k a month.
th-cam.com/video/zdNX-PBOzFE/w-d-xo.html
th-cam.com/video/1SYBqJ3FRtk/w-d-xo.html
th-cam.com/video/vfyo1938fak/w-d-xo.html