Serious Ah Loong - Sinkies work longer because want more $$$!

Pinkieslut

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In his speech, SM Lee recounted how he had once met the late Lord Paul Myners, a British financial expert and the UK city minister, who said that with people living longer, there were only three ways for them to still have enough for retirement: Save more while working, spend less every month, or work longer and retire later.

“There is no other painless way out... All countries are confronted with this trilemma, and neither can Singapore escape these choices,” SM Lee said.

While it is possible to make balanced, practical and politically workable arrangements to ensure Singapore’s retirement adequacy, he said each decision and change to the CPF system must be carefully thought through as it affects the lives and plans of millions of people.

He added that the schemes must be patiently and clearly explained to win support.

“In the end, for the whole CPF system to function and to endure, Singaporeans must have faith that the system is sound, and that the rules ultimately serve their best interests,” he said.
 
Financial freedom to do whatever one please should be the first goal of anyone out there. Becoming beholden to any organisation by a leash called a paycheck is the last thing you need.
 
Financial freedom to do whatever one please should be the first goal of anyone out there. Becoming beholden to any organisation by a leash called a paycheck is the last thing you need.
PAP always ensure that lesser people can achieve financial freedom otherwise their support base of yes men and women slaves will diminish and they will be voted out of power.
 
Why sinkees work longer ??? Low salary =Money not enough.
Anyway 65% sinkees vote for it and they are very happy. Nothing to complain.555
 
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