Introduction

In a candid post on Reddit's 'Ask Singapore' forum, a Singaporean father revealed the financial struggles he and his wife face despite a combined monthly income of S$10,000. The couple, who are parents to a 4-year-old daughter, are contemplating expanding their family but are disheartened by the soaring cost of living in Singapore.

The Sandwich Generation

The man described the dual pressures of parenthood and supporting their own aging parents, painting a picture of the 'sandwich generation' that often bears the weight of financial obligations on both sides. "I know both our salaries are above the median in SG, but I can’t help but still feel the pinch from the rising cost of living," he lamented.

Modest Spending, Relentless Strain

He emphasized that their spending is modest, avoiding lavish expenses, yet the financial strain feels relentless as costs continue to climb. In an effort to find solidarity, he asked fellow parents in Singapore if they are also struggling with the challenges of raising children amid such economic pressures. His query struck a chord, leading many in the online community to share their experiences.

Community Response

Comments flooded in, illustrating a common theme. One user with a take-home pay of S$16,000 shared their struggle, stating they felt they could not afford a second child due to both financial and emotional exhaustion. Another expectant mother echoed similar frustrations, citing a combined income of S$11,000 while expressing concerns about rising costs associated with childbirth and child care.

The Burden of Familial Responsibilities

The conversations highlighted the strain of providing for both young children and elderly parents, with multiple Redditors voicing their concerns over familial responsibilities when their parents fail to adequately plan for retirement. "When our parents do not plan their retirement properly, it’s the kids who suffer," remarked one user, reinforcing the idea that the burden often falls on the next generation.

Practical Tips for Families

In light of these challenges, some users shared practical tips on how to navigate the rising cost of living. Suggestions included cutting out small luxuries—like daily coffee or milk tea purchases—and canceling unused gym memberships or online subscriptions, which can sum up to significant savings over time.

Conclusion

As Singapore grapples with high living costs, many families find themselves at a crossroads, weighing aspirations for larger families against the harsh realities of financial stability. It raises an urgent question: In a city known for its thriving economy, what must be done to support families feeling the financial strain?