One of the top items respondents lacked was emergency savings of three months of expenses.
SINGAPORE – Two new studies on what people feel are essential needs for life in Singapore were presented at the SMU-DBS Foundation Symposium on Essential Household Needs in Singapore on July 12.
The top three items with the highest relative deprivation rates were emergency savings – of six months of expenses , three months of expenses – and an annual holiday to a South-east Asian country .A majority of respondents believe people are poor because they face major issues in their lives or spend money on inappropriate items . Conversely, fewer respondents agreed that poverty is due to external factors such as bad luck or divine will .
Two-thirds of respondents felt that the Government should help those who cannot afford basic necessities such as three square meals a day and shelter. Over half also thought the Government should help Singapore residents with items related to healthcare, childcare and public transport.
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