Nation

Singapore Student Faces Financial Struggles Amid Rising Living Costs

2024-11-13

Author: Rajesh

Introduction

SINGAPORE: A soon-to-be graduate from a local polytechnic is sounding the alarm on the soaring cost of living in Singapore and its impact on her daily expenses, particularly with food.

Student's Concerns about Living Costs

In a candid post on Reddit’s ‘Ask Singapore’ forum, the student shared her fears about affording university tuition while juggling her busy academic schedule. With rising food prices, she expressed that spending between S$20 and S$30 daily on meals is becoming increasingly daunting, especially as she currently isn’t working part-time to help make ends meet.

The Price Increase of Food

The post questioned, 'Why is the cost of living in SG so depressing these days?' She highlighted severe price inflation at food courts, remarking that a simple bowl of fish soup has escalated to S$10-13 at local eateries. 'Even affordable food options have become pricier, and while I know cheaper meals exist, relying solely on hawker food or promotional deals isn’t a sustainable long-term solution,' she explained.

Anxiety about the Future

Her concerns extend beyond just meal costs; she reflects an unsettling anxiety about her future. 'The thought of working a regular 9-5 job with all these expenses is downright depressing,' she lamented. The pressure of financial stability in Singapore creates a heavy burden—one that makes it seem like happiness comes at a price.

Public Reaction and Debate

The Reddit thread sparked a lively debate, with fellow Singaporeans chiming in with various perspectives. Some respondents suggested that relocating might not necessarily provide relief since inflation is a global issue. One contributor noted, 'Inflation doesn’t only happen here. Remember to appreciate what we have: safety, low crime rates, and a strong job market that allows for growth.'

Diverse Opinions on Lifestyle Choices

However, there were mixed reactions regarding her views on hawker food. Some dug into what they perceived as an entitled attitude, championing the idea that embracing a simpler, more frugal lifestyle should be the norm. 'If you want a taste of the luxury experience, you have to work hard for it,' one user commented, encouraging a mindset shift towards humility and adaptability.

Struggles of Other Families

Amid the ongoing discussions, another individual highlighted the struggles of families amid the high cost of living. A couple sharing their experience revealed that despite a combined income of S$10,000, they felt the financial pinch, unable to afford a second child due to high living expenses. 'We’re not extravagant spenders, yet we still feel the heat of rising costs,' he shared.

Conclusion and Ongoing Concerns

This conversation underscores a growing concern in Singapore, where even those with above-median salaries are feeling the strains of financial pressures. The dialogue continues around how residents can adapt to thriving in an increasingly expensive city, calling for more creative, budget-friendly solutions to everyday living costs. As the cost of living continues to climb, the struggle to maintain a balanced lifestyle remains a pressing issue for many Singaporeans.