The Straits Times·3 min read·medium
Inflation's squeeze on middle-income households in Singapore
C
Chor Khieng Yuit
✦AI Summary
Middle-income households in Singapore are facing increased financial pressure due to rising inflation in essential categories like food and healthcare. Experts recommend that families prioritize emergency savings to mitigate the impact of these rising costs.
F&B business owner Jason Chua has to juggle rising family expenses alongside business overheads. He and his wife, who have a four-year-old son and a baby boy on the way, fall under Singapore’s middle-income household tier.
economyhealth
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