See the trolley-full of stuff when they shopped at NTUC. Almost everyday. These are immediate impact to NTUC.
See the amount they are paying for their food, rental, etc. Multiply it with the count.
Singapore is a small piece of land with limited resources. Land is scare and everything needs to be imported.
Just look at the average selling price of a HDB in 2004 vs one in 2014.
Singapore does not produce these food and trolley-full of stuff.
They are all imported and these drives up average cost for everyone.
For example, when Singapore had a population of 3.5 million, regional suppliers could just deliver our poultry needs from Malaysia/Thailand to us via lorries.
Today, with our population at 5.61 million, regional supplies are unable to meet our needs. Chickens in Singapore today need to be imported from South America via a 30-day sea voyage.
The additional transportation cost and frozen storage cost are passed to all consumers in Singapore.