A Cost-of-Living Special Payment will be provided to eligible Singaporeans in September 2024, ranging between $200 and $400 in cash.
Eligibility criteria include being aged 21 and above in 2024, residing in Singapore, owning not more than one property, and having an assessable income of up to $100,000.
Approximately 2.5 million adult Singaporeans are expected to benefit from this payment.
Insufficient? Not eligible?
A survey conducted by Milieu Insight from Feb. 17-19, 2024, revealed that 62% of the 1,002 respondents felt that the government's latest budget measures were insufficient to help them cope with the rising cost of living.
The 35-44 age group expressed the strongest sentiment that the announced initiatives did not adequately address their concerns regarding the cost of living.
Some argue that most measures have no impact on them as they are not eligible for the support. And government policies seem to prioritize channeling money into CPF rather than directly into people's pockets.
How do you view Budget 2024?
Will you benefit from the policies or not?
Can measures ease high inflation pressure?
Leave your comments and also post to win tiger coins~
Comments
🌟🌟🌟The Singapore Government has done an excellent job in providing a stable, safe and great place to bring up my family. However high inflation has slowly but surely eroded the intrinsic value of my hard earned dollars.
The Special payment of SGD 200 to SGD 400 to help with the higher cost of living is a lovely gesture from our government. However the onus is on me to make sure that my income covers the increased cost of living due to high inflation.
That is why it is important for me to invest in the markets to generate a passive income through dividends and capital growth.
The reality is sitting on cash alone will not be sufficient to cover the cost of living. So it is time to make hay while the sun shines so that I can have a wonderful retirement.
@Tiger_chat @TigerStars @Tiger_SG
Well, a budget can never be perfect, only can be improved over the time. Thanks for the budget that tries to help the country community and the effort done, everyone would have appreciated it. On the other hand, I think the one time help, vouchers, bonuses, only have very short term help and impact. However, government may use these money to invest in more long-term solution which might be more effective over the time. [Blush] [Blush] [Blush] [Thinking] [Thinking] [Thinking]
In a nutshell, I would say this is a comprehensive fiscal policy that seeks to reassure Singaporeans at a time of global tumult. It addresses top-of-mind concerns such as cost of living, inflation and employability, while also ensuring that Singapore continues to be a home and a land of hope and opportunity. Good job and thanks. [Salute] [Salute] [Salute] [666] [666] [666]
With the ease of financial burden and inflation impact, I believe the Singapore economy should recover and beneficial to the local equities stock such as $DBS GROUP HOLDINGS LTD(D05.SI)$
Come and join the discussion ya guys @koolgal @rL @icycrystal @b1uesky @Universe宇宙 @Fenger1188 @GoodLife99 [Chuckle] [Chuckle] [Chuckle] [Happy] [Happy] [Happy]
Thanks for support @TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @Tiger_chat
with inflation at an all time high,these packages won't be enough... especially for those who are not savvy in investing (like the older generation or those who do not have enough [USD] [USD] [USD] to invest) as they may not know how [Sweats] [Sweats] [Sweats]
@Shyon @Aqa @GoodLife99 @Universe宇宙 @rL @koolgal @LMSunshine @HelenJanet @DiAngel
How do you view Budget 2024?
Will you benefit from the policies or not?
Can measures ease high inflation pressure?
Leave your comments and also post to win tiger coins~
1. Nothing can be perfectly good!
2. Depends on dividual satisfaction
3. It is very likely that inflation will continue to surge as due to global warming, wars and frieght forward cost rise.