Introduction

SINGAPORE: A local couple, earning a combined income of S$10,000, has taken to social media to express their frustrations about the high cost of living, which is discouraging them from having more children. In a candid post on Reddit’s ‘Ask Singapore’ forum, they revealed their aspirations for a second child but are hesitant due to rising expenses.

Current Situation

They currently have a 4-year-old daughter and are weighing the financial feasibility of expanding their family amidst escalating prices for essentials and non-essentials alike. The man shared that as part of the 'sandwich generation', they are also financially responsible for their parents, adding another layer of strain to their budget.

Financial Concerns

While acknowledging that their salaries are above the median in Singapore, the couple still feels the financial pinch. “We are not huge spenders and avoid unnecessary expenses, yet we still feel overwhelmed by the rising costs,” he commented.

Shared Struggles

His post resonated with many users in the thread, who shared their own struggles with the cost of raising children in Singapore. One parent, with a take-home pay of S$16,000, mentioned that they, too, could not afford a second child and felt drained both financially and emotionally.

Another Redditor, who is currently pregnant, shared similar sentiments. Despite their combined income of S$11,000, they are already feeling financial pressure and anticipate further expenses with the coming addition to their family, especially as they plan to employ a helper. The comment reflected their worry about being unable to manage in case they end up with health complications in their baby.

Intergenerational Financial Responsibilities

Many participants in the conversation voiced the burden of juggling the financial needs of both children and aging parents. One user poignantly noted, 'When our parents do not plan their retirement properly, it’s the kids who suffer.' This sentiment showcases a widespread concern among Singaporeans regarding intergenerational financial responsibilities.

Coping Strategies

In a different discussion earlier this year, Singaporeans had shared various strategies they employed to cope with the rising cost of living. Many reported cutting back on small luxuries, such as daily coffees or bubble teas, and canceling gym memberships or rarely used online subscriptions.

Conclusion

The challenges these Singaporean families face raise significant questions about work-life balance, the sustainability of raising a family in such an expensive city, and how the government and society can better support young families. As these discussions continue, it’s clear that the dream of having more children is becoming increasingly complicated for many. Would a baby boom be possible in a place where financial stability feels like a distant dream?