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Budget 2024: Let’s rethink Workfare for lower-income families amid higher living costs
Increasing the cash portion and accounting for inflation and the household size can provide more financial stability.
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Singapore has seen high inflation rates since the onset of the pandemic, with headline inflation averaging 4.8 per cent in 2023.
PHOTO: ST FILE
Michael Lien
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Cost of living remains one of the most pressing issues in our society that continues to be tackled from different fronts. It hasn’t helped that since the Covid-19 pandemic, we have had wars and geopolitical tensions that have kept up the pressure on prices, not only in Singapore but also across the world.
Many of us have the wherewithal to adjust our purse strings to adapt in this challenging environment, but lower-income families face greater hurdles in making ends meet. Recent data from the Ministry of Manpower pointed to a decline in real-income growth among Singaporeans,
