Looks like everyone is spending and spending. Every mall is doing well as reported in our local news. I think it is a paradox. While inflation is hitting us with a vengeance, people are easy with their wallets on consumer products. I am concern on the price hike of day to day living. At the same time, there is a bigger group making frivolous purchase. The rich is getting richer and spending more and buying higher price products like LCD. Meanwhile, a taxi driver who earns $1,500 per month is very happy save $20 per week on groceries for his family of 6.
The money gap is clear and huge. Singapore is beginning to be like US. The socioeconomic levels are getting wider and wider. I wonder if the middle class is diminishing. In US, there are many poor and homeless. Yet, the rich are extremely rich. I find Canada with the high taxes has a huge middle class where everyone not rich but comfortable and very few people are underclass or struggling to survive. Maybe in Canada, they are not out in the streets in huge numbers like US.
As a developed country, I wonder how Singapore can improve our safety net for the down and out and the economically disadvantaged(e.g. cleaners, cashiers in Sheng Siong, low skill and pay workers).
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