Many people know Singapore as a wealthy state. Most of the world population doubts that any citizen even suffers from poverty. However, here are six crucial facts about urban poverty in Singapore.
#1 Living on $5 a Day
Four hundred thousand citizens in Singapore live under the poverty line are subsisting on $5 a day.
#2 No Income
One-third of Singaporeans living in one or two-room flats do not have a source of income. Furthermore, sixty-two per cent of Singaporeans are dissatisfied with their financial condition.
#3 No Official Poverty Line
Lee Hsien Loong, the Prime Minister of Singapore, believes that defining a poverty line will be ineffective since there are sizable gaps amongst disadvantaged groups in the community.
#4 Singapore Has the Widest Wealth Gap
Singapore is 36th out of 150 nations in terms of income inequality. The privileged 1% of the population controls more than a quarter of the country's wealth. It proves the width of social inequality in Singapore.
#5 Singapore Cost of Living is High
One of the most expensive cities to live in is Singapore. It makes it increasingly difficult for the poor to afford essentials. There also has been a 13.1% growth in the cost of goods and services.
#6 The Government is Taking Steps to Alleviate Poverty
The government has put strategies in place to combat urban poverty. The proposals aim to include lowering the cost of schooling, exempting lower-income households from paying taxes and contributing cash transfers to those in need.
The Best of You takes inspiration from tales of people from all walks of life since its birth in 2014. Relationships, community, love, resilience, compassion, and empowerment are all mentioned in these tributes. They hope you find inspiration with volunteer opportunities all over Singapore and share your experiences as well.
Join The Best of You in their daring and purposeful conversations to help people and families break free from the cycle of urban poverty.
Resource: https://witty-katelyn.site123.me/blog/6-interesting-facts-about-urban-poverty-in-singapore
