In the latest episode of The Financial Coconut, Ng Kok Hoe and Teo You Yenn discuss the findings from our 2023 Minimum Income Standards (MIS) report. In a wide-ranging conversation, they talk about education expenses, leisure activities, ageing and the cost of participating fully in society. They explain how the research team gathered diverse views from ordinary Singaporeans and constructed the budgets using the actual prices of things. And they reflect on public and government responses to the study.
Hear the whole episode or jump to key questions in the conversation:
00:00 Intro
02:33 What is the content and structure of the minimum income report your team has developed?
13:10 What is considered basic standard of living in Singapore?
32:45 What’s the ministry’s concern? Any key points of contention?
42:10 Summary