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- Feb 27, 2013
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A society that takes good care of the Elderly will sort itself out...thats my belief though it may not be the same as the PAP current leadership..
At his Budget 2013 speech, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam had shared that, “many in our present day older generation of Singaporeans had very little education – barely half were able to go beyond primary school. Their pay was very low in the first few decades of our development. Younger Singaporeans have benefitted from vastly-improved opportunities in education with the bulk of them going on to tertiary study. As a result, a disproportionate number of middle- and high-paying jobs are taken up by younger Singaporeans while older Singaporeans (those aged 55 years and above) make up more than 40% of workers in the bottom fifth of the income ladder.”
He also said that for retirees, “As they depend on their savings to finance their daily expenses, they are most affected by rising costs. Many worry about being a burden to their children.”
These are two very real issues faced by our older Singaporeans, who are trapped in chronic poverty, because the pace of our economic development has left them behind.
Personally, I do not think that the Budget 2013 has done enough for the Elderly...
At his Budget 2013 speech, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam had shared that, “many in our present day older generation of Singaporeans had very little education – barely half were able to go beyond primary school. Their pay was very low in the first few decades of our development. Younger Singaporeans have benefitted from vastly-improved opportunities in education with the bulk of them going on to tertiary study. As a result, a disproportionate number of middle- and high-paying jobs are taken up by younger Singaporeans while older Singaporeans (those aged 55 years and above) make up more than 40% of workers in the bottom fifth of the income ladder.”
He also said that for retirees, “As they depend on their savings to finance their daily expenses, they are most affected by rising costs. Many worry about being a burden to their children.”
These are two very real issues faced by our older Singaporeans, who are trapped in chronic poverty, because the pace of our economic development has left them behind.
Personally, I do not think that the Budget 2013 has done enough for the Elderly...
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