Fall in lower-income households receiving ComCare financial help over last few years: MSF report

CNA11-19

SINGAPORE: Fewer households received ComCare financial assistance from the government in 2023 compared with the previous year, continuing a downward trend in recent times, the Ministry of Social and ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFall in lower-income households receiving ComCare financial help over last few years: MSF report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/singapore/comcare-comlink-msf-financial-assistance-lower-income-4755056><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE: Fewer households received ComCare financial assistance from the government in 2023 compared with the previous year, continuing a downward trend in recent times, the Ministry of Social and ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/comcare-comlink-msf-financial-assistance-lower-income-4755056\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://www.channelnewsasia.com/singapore/comcare-comlink-msf-financial-assistance-lower-income-4755056","article_id":"2484091920","we_media_id":null,"thumbnails":["https://onecms-res.cloudinary.com/image/upload/s--y9ol6pWj--/c_crop,h_466,w_830,x_0,y_97/c_fill,g_auto,h_468,w_830/f_auto,q_auto/v1/mediacorp/cna/image/2024/01/13/20240103_nlx_void_deck-5.jpg?itok=pqhmueHA"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484091920","pubTimestamp":1732010400,"columns":[],"sourceInfo":{"source_id":"can_highlight","name":"CNA"},"weMediaInfo":null,"summary":"The amount of money disbursed also declined from the peaks of 2020 to around S$105 million for short-to-medium-term assistance and S$23 million for long-term assistance.","collect":0,"end_time":0,"defaultTopTitle":"channelnewsasia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","CPF":"中央太平洋银行","SMTA":"Spirit MTA REIT"},"translate_title":"无国界医生组织报告：过去几年接受ComCare财务帮助的低收入家庭数量下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPF":1,"SMTA":1},"content_text":"SINGAPORE: Fewer households received ComCare financial assistance from the government in 2023 compared with the previous year, continuing a downward trend in recent times, the Ministry of Social and Family Development (MSF) said in a report released on Tuesday (Nov 19). \nComCare supports lower-income households with basic living expenses, to help stabilise their circumstances.\nThere are three major types of ComCare assistance: \nShort-to-medium term assistance (SMTA): Supports households with temporary financial assistance to meet a family’s basic living expenses\nLong-term assistance (LTA): Supports people who are permanently unable to work and have little or no family support\nStudent care fee assistance (SCFA): For children from lower-income families\nAccording to the MSF trends report on supporting lower-income households, the number of homes supported by SMTA decreased from 27,392 in 2022 to 22,960 in 2023. This was below pre-pandemic levels of 27,989 in 2019, and down from the COVID-19 peak of 36,853 in 2021.\nThe amount of money disbursed through SMTA also fell from a peak of US$169.7 million (US$127 million) in 2020 to S$112.5 million in 2022 and S$105.1 million in 2023. \nMSF attributed these dips to post-COVID-19 economic recovery, labour market expansion in recent years and government support from schemes such as the Workfare Income Supplement scheme and Assurance Package.\nFor households supported by LTA, there was a marginal drop from 3,857 in 2022 to 3,479 last year. Similar to the SMTA group, this was lower than the 4,175 in 2019.\nLast year, a total of S$23 million was disbursed, down from S$24.9 million in 2019 and a 2020 peak of S$28.5 million.\nThese may be due to more residents working longer years, younger cohorts of elderly having more savings and increased government support for seniors through the likes of the Silver Support scheme and Pioneer and Merdeka generation packages, said MSF.\n\n\n\n\n\n\n\n\n\n\n\n\n\nMONTHLY CASH AID\nAccording to the MSF report, the median monthly amount of cash assistance through SMTA disbursed per beneficiary in assisted households increased by S$20 to S$370 from 2022 to 2023, and up by $70 since 2019. \nThe ministry said the increase reflects its efforts to ensure ComCare coverage remains adequate through regular reviews.\n“The amount of cash assistance provided is customised to each household’s composition, needs, and income,” said MSF. \n“For example, households with members who are temporarily unemployed with no income will need more assistance than households that require support to supplement their income from work.\" \nMSF also reported that most - 67 per cent - of households receiving SMTA had one to two beneficiaries in 2023, while 13 per cent had five or more. \nAlmost half - 46 per cent - of households that received SMTA had only adult beneficiaries.\nFor households that received LTA, almost all - 96 per cent - of them had only one beneficiary. \n\n\n\n\nAREAS OF EDUCATION AND HOUSING STILL ISSUES\nApart from the financial schemes under ComCare, MSF also has ComLink+ to give financial help to lower-income families, tied to conditions such as getting a stable job, enrolling children in preschools, paying off debt and saving up for a home.\nData collected by MSF from 9,153 ComLink+ families living in public rental housing showed that as of December 2023, more than 60 per cent of them had been employed for six consecutive months or more. \nAlmost seven out of 10 families were not on financial assistance - which includes ComCare aid among others - and just above half of them saw real income growth.\nMore than 80 per cent of the families with children of preschool-age were enrolled in preschool.\nHowever, only 26 per cent of the kids who attended anchor operator (AOP) preschools had an average monthly attendance rate of 75 per cent or higher.\nWhen it came to housing, 66 per cent of ComLink+ families did not have substantial savings for home ownership.\n\"Substantial savings\" roughly means that the balances in their Central Provident Fund (CPF) ordinary accounts can cover at least 20 per cent of the estimated price for a 3-room Build-To-Order flat in a non-mature estate in 2023.\nWhile about a quarter of the families had less than three months of rental arrears as well as accumulated substantial savings for a home, MSF found that 93 per cent of them had yet to buy a flat and move out of public rental housing.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484091920"}