Support My Efforts By Visiting The Advertisers


This is a personal blog. The opinions expressed here represent my own, not those of my employer and is not intended to malign any religion, ethnic group, club, organization, company, or individual.

The Shrinking Dollar

>> Saturday, September 26, 2009

According to a recent UBS survey, Singaporeans can afford to buy less than what people in many other cities can because prices here have risen more than wages.

Although MPs in Singapore has cited the limitations of the survey, the strength of the survey lies in its consistency. Hence, comparing Singapore in isolation based on the same factors from 2006 to 2009, it is still undeniable that the Price Level has risen whereas the Wage Level has fallen.

The make matters worse, this troubling trend will most badly affect the middle-income earners in Singapore. And as a society with a majority middle-class population, it results in the low purchasing power versus high expectation of this segment of people.

Hopefully, this will serve as a wake-up call for the government to not only focus on the assisting the lower-income group with welfare and subsidies but also to address economic policies that will reduce downward pressure on wages while still remaining competitive globally.

In the meantime, it is a reminder to all Singaporeans to take the initiative to improve their lives through prudent financial planning or end up caught in the effects of a smaller dollar.




The owner of this blog does not share personal information with third-parties nor does the owner store information is collected about your visit for use other than to analyze content performance through the use of cookies, which you can turn off at anytime by modifying your Internet browser’s settings. The owner is not responsible for the republishing of the content found on this blog on other Web sites or media without permission.

Blog Comments

The owner of this blog reserves the right to edit or delete any comments submitted to this blog without notice due to;

1. Comments deemed to be spam or questionable spam
2. Comments including profanity
3. Comments containing language or concepts that could be deemed offensive
4. Comments that attack a person individually

Terms and Conditions

All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

This policy is subject to change at anytime.

About This Blog

To promote the education of individuals for the need to have a healthy lifestyle and wealth management through proper financial planning, particularly in investments.

Top Blogs


Top Sites

  © Blogger templates Sunset by 2008

Back to TOP