FOR THE SANDWICHED CLASS
Those in the middle-income group - also known as the Sandwiched Class - are those who do not qualify for social support schemes, but face the challenges of rising costs in housing, healthcare and transportation.
The uncertainty about their career paths and opportunities is another issue facing this group.
Details of SkillsFuture, an initiative which aims to provide a system of education, training and career progression for all Singaporeans, is expected to be announced today.
Other suggestions to help the middle income groups:
- More tax relief for young couples who have to support children and elderly parents
Dr Chia Shi Lu, MP of Tanjong Pagar GRC and chairman of Government Parliamentary Committee for Health
- The introduction of an employer-sponsored scheme or an occupational retirement scheme.
Marcus Kok, principal pension consultant, PwC Asia Actuarial Services