Tuesday 23 August 2016

Are you aware of THE CHANGING DEMOGRAPHIC?

Are you aware of the changing demographic?


Let’s look at today’s wealth distribution, the rich is on the top and the poor is at the bottom, and at the centre is the middle class, which make up the largest group in the society.

In Singapore, through a solid education system over the past generation, we have built up a strong middle class group which are mainly professionals, including engineers, teachers, lawyers and doctors.


However, do you know how wealth distribution will look like in the future?  



This is the wealth distribution for future, and the gap will get widen as time goes.
 
The rich get richer, while the poor get poorer. 

How many of you can see and feel the transition is taking place now?

Do you agree that people in middles class is shrinking and suffer the most?

Do you know that since last year, Singapore has overtook Tokyo, London , New York, and Melbourne to be the most expensive city to live in. 

How many of you can feel the pinch as everything is extremely expensive including housing, medical, education and  even the basic cost of living. 


Due to inflation, how many of you feel the value of money is shrinking? 

For new University graduates, their starting salary are about the same as 5 years ago, S$2,800- S$3,500. 



After deducting all the expenses, how much you can save?
 
For those of you who have kids, you worry about your kids future.


For those of you who have elderly at home, you worry about the ever increasing medical cost.


If you don’t do anything now, do you think you may drop to the poor range because of the inflation, cost of retirement and etc?


Jinny
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