Wooden's "asset enhancement" has turned into an I.E.D. - improvised economic disaster

[Confuseous]

Only 45 percent for CPF members have enough for the minimum sum last year - and the payouts based on that number probably won't be anywhere near the 66 percent income replacement rate quoted by the academic. Worse, some are pledging up to 50 percent of their properties to meet the minimum sum requirement. Meaning, cash wise, piggy is even skinnier - a large chunk of pork belly has been carved out by "affordable housing."

- http://singaporedesk.blogspot.com/2012/03/no-money-no-retirement.html

 

[hairylee]

Re: Wooden's "asset enhancement" has turned into an I.E.D. - improvised economic disa

Boh Chok Yong