Nation

How Did Previous Generations Raise Families in Singapore on Just One Income? A Deep Dive into Changing Economic Realities

2024-11-11

Author: Arjun

Introduction

SINGAPORE: In a candid discussion on Reddit, a man recently questioned how older generations in Singapore successfully raised families while owning both a car and a flat, all on a single income. His post sparked a wave of commentary reflecting the current economic pressures that many young families face today.

Reflections on Past Generations

“I can’t fathom how our parents managed to have an average of two kids, with all the financial responsibilities that come with it, while surviving on just one salary,” he shared in the Singapore forum. With the cost of living soaring in Singapore, he wondered aloud whether it’s still possible to achieve the same standard of living that previous generations enjoyed.

Economic Pressures of Today

Many users chimed in, attributing the hardships faced by modern families to rising inflation and escalating costs of everyday essentials, including housing, education, and food. One Redditor recalled how their mother, earning just S$3,000 a month, could afford a maid and cover housing costs on her own—a stark contrast to today’s financial landscape. “The golden age is gone; it’s all downhill now,” they lamented.

Comparing Salaries and Property Prices

Another pointed out that while salaries might have been lower in the past, property prices were significantly cheaper as well. “Your parents may not have been earning S$5,000, but their HDB flats didn’t cost S$500,000 either,” he noted. Additionally, economic policies during earlier decades were thought to be less burdensome for families compared to today.

The Challenges of Parenting

Despite the prevailing sentiment that raising children today poses greater challenges, some users reminded the community that even in earlier times, parents had to navigate their share of struggles. Sacrifices were common, and financial stability was never a given. As one user mentioned, “Having kids is a leap of faith. It’s not solely about money; many could afford it if they had a different outlook on the future.”

The Rise of DINK Households

The trend of dual-income households without children (DINKs) has also gained traction among many Singaporeans. Users shared their stories of opting for the DINK lifestyle, either because of financial constraints or a desire for more personal freedom. One respondent reflected, “My choice to live as a DINK is selfish, yes, but after growing up poor, I value the ability to travel freely and enjoy life without the pressures of parenthood.”

The Popularity of DINK

The concept of DINK has been around since the 1980s, but it has gained renewed attention with the advent of social media platforms like TikTok. Young couples often share their DINK experiences, using the hashtag #DINK to highlight the joys of their lifestyle, now with over 42,000 posts. This popularization has given rise to various offshoots of the DINK concept, including DINKWAC (dual income, no kids with a cat), DINKWAD (dual income, no kids with a dog), and DINKWAH (dual income, no kids with a house).

Conclusion

As economic challenges continue to evolve, the conversation around family planning and living arrangements remains vital. Many wonder whether Singapore is indeed becoming too expensive for the average family to thrive, or if personal choices are reshaping the traditional views on parenting and family life in this vibrant city-state.