Those low end 30% boomers is mainly the issue. Waiting for them slowly to die out. Everyday just leech onto gov and tax payers for handout.
All these vouchers and rebate only started like last 10 yrs, all those boomers who retired and low income, living on rental flats ..etc all depend on those handout to survive or get by now.
Those only want more handouts but they also dont have the brains to think if they have worked so hard during their able life how come so miserable now ? Either they mismanage their finance or too low income until retirement no money.
In china, jd.com delivery personal have cpf but their their cpf mean at 50 years mean each will have about $5000rmb per mth as retirement pension, and this amount will have increase as they aged.
This is also true for people in china who contributed to their cpf. If low end also have $2000 rmb per month once 50 year old.
In SG, we are worldclass, but for those low income who worked hard all their life and contributed to cpf, likely they dont even meet the minimum sum at age 50.