• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Young Singaporeans: The Singapore Dream is Dying

Byebye Penis

Alfrescian
Loyal

Our HDB and property prices are very high now, this is an exit option for many foreigners Malaysian/Indian/China PRs and local seniors to leave Singapore but such two-track economy is leaving many behind, particularly young adults and our future generation.

Unless you are a civil servant and iron-bowl and guaranteed annual bonus, it can be absolutely soul crushing when there simply is not enough money month after month even though you are working as hard as you can, if you start a family. This is why many choose to remain single now.
 

Byebye Penis

Alfrescian
Loyal
Other than finding overseas trip more affordable (because of our strong currency), our young will soon realize that there are even more pain and suffering are ahead. We should be be ashamed that we are also leaving behind a massive debt for them to inherit. In five years, we doubled our government debts:

https://www.ceicdata.com/en/singapore/government-debt

What are the consequences of a high national debt?​

  • As the national debt grows, it diverts resources away from productive investments and savings.
  • A larger debt burden requires more interest payments. Ultimately, this leads to higher taxes or spending-cuts in critical-areas such as education, healthcare, infrastructure, etc.
  • Excessive debt can lead to concerns about currency stability.


o_singapore_govt-debt-annual-d-nonspending-purposes-nsp
 

k1976

Alfrescian
Loyal
Not likely, all the PMET transformed to become healthcare workers, grab driver, food delivery, security guards, unemployed or even become part time workers, will still not vote oppies, as they are receiving CDC vouchers
OMG, They know Oppies are liars and ah siao??
 

k1976

Alfrescian
Loyal
Our HDB and property prices are very high now, this is an exit option for many foreigners Malaysian/Indian/China PRs and local seniors to leave Singapore but such two-track economy is leaving many behind, particularly young adults and our future generation.

Unless you are a civil servant and iron-bowl and guaranteed annual bonus, it can be absolutely soul crushing when there simply is not enough money month after month even though you are working as hard as you can, if you start a family. This is why many choose to remain single now.
Coolie genes are bag holders
 

k1976

Alfrescian
Loyal
Other than finding overseas trip more affordable (because of our strong currency), our young will soon realize that there are even more pain and suffering are ahead. We should be be ashamed that we are also leaving behind a massive debt for them to inherit. In five years, we doubled our government debts:

https://www.ceicdata.com/en/singapore/government-debt

What are the consequences of a high national debt?​

  • As the national debt grows, it diverts resources away from productive investments and savings.
  • A larger debt burden requires more interest payments. Ultimately, this leads to higher taxes or spending-cuts in critical-areas such as education, healthcare, infrastructure, etc.
  • Excessive debt can lead to concerns about currency stability.


o_singapore_govt-debt-annual-d-nonspending-purposes-nsp
Leememeber, Good Debt vs Bad Debt?
 

batman1

Alfrescian
Loyal
Any clear-minded young will blame our generation for wrecking the country by accepting the government's open-door policies and self-inflicted higher-cost of living like COE, HDB, GST, petrol taxes, etc.

Today, @JohnTan shared that our median income increased from $2100 to $5200 in 20 years, 150% higher
https://www.sammyboy.com/threads/pm...-reduced-from-0-42-to-0-37-majulah-pap.364132

Earlier in this thread, we calculated that we need $100000 to $165000 annnualy to live the "Singapore Dream" (reaffirmed by another cited article). So, if our median monthly income is just $5200, how many are struggling to make ends meet in their daily life? It’s the sad reality of what we live in

I also remember clearly that resale freehold properties or new leasehold condos were about $350-450psf (outskirts) but now they are $1800psf now, 400-500% increase. Their purchasing power shrunk and they got to work 30-40 years to pay off the same type/size of private property that their parents took 10-15 years to pay off. Many are seriously pissed about this, no matter how much they try they can never seem to get ahead.
There is no more incentive or motivation to study hard or work hard. .Most sinkees just lie flat and watch the world pass by.
 

k1976

Alfrescian
Loyal
https://www.reuters.com/markets/us/...-fall-though-not-confident-before-2024-05-14/


US Fed's Powell expects inflation to fall, though not as confident as before​

By Bart H. Meijer and Toby Sterling
May 15, 202412:16 AM GMT+8Updated 11 hours ago




Fed Chair Powell speaks at a press conference  in Washington

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., May 1, 2024..Read more


AMSTERDAM, May 14 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday gave a bullish assessment of where the U.S. economy stands now, with an outlook for continued above-trend growth and confidence in falling inflation that, while eroded by recent data, remains largely intact.

"I expect that inflation will move back down ... on a monthly basis to levels that were more like the lower readings that we were having last year," Powell said at a banking event in Amsterdam.
 

k1976

Alfrescian
Loyal
https://www.reuters.com/world/china...feline-stutters-amid-sector-gloom-2024-05-14/


China's property 'whitelist' lifeline stutters amid sector gloom​

By Clare Jim and Xie Yu
May 15, 20249:29 AM GMT+8Updated 2 hours ago



A labourer works on a construction site of a residential building during a hazy day in Hangzhou


A labourer works on a construction site of a residential building during a hazy day in Hangzhou, Zhejiang province, March 17, 2013. REUTERS/William Hong Purchase Licensing Rights, opens new tab
  • Summary
  • Companies
  • New project loans approved from late March, but in tiny volume
  • Banks push back on new lending despite Beijing's repeated nudges
  • Slow 'whitelist' progress adds to challenge of home completion
HONG KONG, May 14 (Reuters) - When China's local governments began compiling a "whitelist" of housing projects for loans earlier this year, troubled developers hoped it would open a spigot of credit for a sector that remains a major stumbling block to a broad economic revival.

Four months later, new funding is only coming by the drip, reflecting the deep-seated caution about the outlook for China’s residential property market, according to Reuters interviews with bankers and developers.

Banks have been reluctant to heed Beijing's repeated nudges to bolster credit to the embattled sector given the risks of more bad loans, further undermining confidence in the crisis-hit property market seen as crucial to shoring up a shaky economy.

New loans were only approved since late March, according to the sources, which surprised companies and investors who had expected fresh lending for developers at the start of the 'whitelist' programme months earlier.
 

oliverlee

Alfrescian
Loyal
Dream ki lan jiao. When all you do is serve some dead fuck’s legacy. Bred and born Sinkies should all have a diaspora, let those who love cheebais deep deep come here with their ah pa ah ma and serve them. Do what the Hongkies are doing
 
Top