From Third World to First: Do Singaporeans in their 40s today have it better?

The report affirms the national belief that one can have a fair chance in life, regardless of who one's parents are.
The report affirms the national belief that one can have a fair chance in life, regardless of who one's parents are.ST PHOTOS: GIN TAY, ONG WEE JIN, DIYANA TAHA

Each generation of Singaporeans in their 40s has it better than the previous one, but red flags may be emerging over home ownership and marriage rates, a Ministry of Finance report shows. Insight takes a look.

It has often been pointed out that Singapore progressed from Third World to First in a single generation - but how have things really stacked up in terms of progress for the lives of successive generations of Singaporeans?

Last week, the Ministry of Finance (MOF) released a report that looks at this very issue. It tracks the status of four generations of Singaporeans in their 40s.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on October 27, 2019, with the headline 'Better and better, but better not rest on laurels'. Print Edition | Subscribe