AI Summarisation
The article discusses a study that identifies five key reasons why some households in Singapore struggle with poverty despite the nation's affluence. These reasons include rising costs of living, inadequate social safety nets, employment instability, the high cost of education, and health-related expenses. The study emphasizes the need for targeted policies and support to address these issues and improve the quality of life for low-income families in Singapore.
My Thoughts
- Having worked in various places, I think I've met many people who are successful with their family setup being stable i.e. free from divorce, abuse, finance, etc complications.
- It's challenging to feel and get richer when you face family struggles day in day out.
- On the plus side, people who pushed and get through family difficulties. They usually are focused in life and do well at personal finance.
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