Rhinehardt
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- Feb 25, 2020
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How u define bare living expenses? What's the benchmark?
Is it only applied to Singaporean or can we extend this to places where we export our exploitation? We buy so much food from places like Vietnam, so much clothes from India and so many of these people are paid less than $1USD to keep cost of your goods low. Can we extend minimum price to them?
minimum price is for Singapore wage earners only la idiot.
According to this 2013 blog post a single requires at least 2k to survive on an extremely bare bones lifestyle. And, keep in mind, this was in 2013, if you account for 3-5% inflation every year it should be higher than 2k now.
"Singaporeans Need At Least $2,000 To Live Even A Basic Lifestyle In Singapore
So, all in, how much would Singaporeans need to earn so that they would have enough to save and retire (if they were to spend on the most basic things).
Based on my rough calculations, for a person who is single, he/she would need to earn at least $2,000 every month in order to be able to do so (Chart 15). And this is if he/she lives a very basic lifestyle, with no holidays, no further education and no upgrading."
https://thehearttruths.com/2013/08/02/how-much-do-you-need-to-earn-to-survive-in-singapore/
So, all in, how much would Singaporeans need to earn so that they would have enough to save and retire (if they were to spend on the most basic things).
Based on my rough calculations, for a person who is single, he/she would need to earn at least $2,000 every month in order to be able to do so (Chart 15). And this is if he/she lives a very basic lifestyle, with no holidays, no further education and no upgrading."
https://thehearttruths.com/2013/08/02/how-much-do-you-need-to-earn-to-survive-in-singapore/


