6 Financial Woes (In GIFs) Everyday Singaporeans Can Relate To
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6 Financial Woes (In GIFs) Everyday Singaporeans Can Relate To

Kenneth Lou
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Wah piang eh… Singapore so expensive!

If you’re a Singaporean, you’ve probably heard or said this yourself at least once this week.

Pay and Pay Singapore PAP
Source: Giphy

I mean, complaining is an art that we’ve all pretty much perfected over the years.

As we find things in our daily lives to nitpick and bellyache about over kopi (or a latte, if you’re atas like that).

So.

What are the top things that we usually complain about?

Let’s find out.

1) Water Prices Increase

Financial woes 1: Water Price Expensive Singapore
Source: Giphy

You would have heard about this if you were not living in a well (pun intended).

Anyway, water prices will increase for the first time in 17 years by 30%!

2) Food Prices Increase

Financial woes 2: Popiah Price Increase
Source: Giphy

Yup, your same Bak Chor Mee will probably increase at a rate of 2% every year amid stronger growth in developed markets.

Ingredients get more expensive, and thus the combined meal becomes more expensive.

3) Transport Fares Increase (With More Breakdowns)

financial woes 3
Source: Giphy

According to our government, taxpayers have been long subsidising the high operating costs of the public transport network.

This was deemed to be an unsustainable approach.

Thus, fares will definitely have to go up. Let’s pray that the trains stop breaking down though!

4) Wages Stagnating (Tough to find job in a slow market)

Financial woes 4: Pay raise
Source: Giphy

This was announced about 1.5 years back but the effects are being felt now.

Wages may be rising in a tight labour market but they could stagnate or even fall back if productivity does not catch up, said PM Lee.

5) Housing Prices Increase

Financial woes 5; HDB BTO price increase
Source: Giphy

Property prices are reportedly set to DOUBLE by 2030.

This is a double-edged sword because, for existing property owners, this would probably be your fastest appreciating asset.

But for new homeowners, let’s hope and pray that enough BTOs get released by the housing government.

6) Retirement Age Now At 67

Financial Woes 6: Retirement Singapore Expensive
Source: Giphy

In Singapore, people like to use the sentence: “Work until die”.

It was again announced that re-employment age will go up from 65 to 67 and employers will no longer have the option to cut employees’ wages at the age of 60.

Is Singapore REALLY That Bad…?

Honestly, Singapore is also known for many positive things!

Young Tan Chun Sing saying Singapore not so bad
Source: Giphy

Here are some things which Singaporeans love (secretly):

  • A competitive economy
  • Largely forward-looking population
  • High internet and mobile penetration
  • Access to global knowledge and resources
  • Affordable and delicious local hawker food
  • Connected infrastructure and transport system (minus breakdowns)

Be creative, resourceful, and prosper!

We Singaporeans are a rather confusing bunch.

We’re vocal when it comes to expressing our discontent — whether it is online or offline.

But at the end of the day, we accept it, move on, and find ways to live with the problems.

I suppose that these are signs of resourcefulness and creativity.

So… just let us complain lah ah

We’re still gonna find ways to make it!

About Kenneth Lou
Co-founder of Seedly. Passionate about helping people make smarter financial decisions.
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