How much does a family need to live comfortably in Singapore? A study, led by researchers from the National University of Singapore Lee Kuan Yew School of Public Policy and the Nanyang Technological University, has come up with the following estimates: $6,426 a month for a couple with two children aged seven to 18, and $3,218 for a single parent with a child aged two to six.
These findings are based on a research methodology known as the Minimum Income Standards approach. Focus groups comprising members of the public were asked to discuss and agree on the goods and services needed by a family for a basic standard of living, taking into account social norms and expectations.
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