Reward 500 Tiger-coinsInflation and sluggish consumption have been hot topics in recent years. To ease the financial burden on citizens while promoting economic growth, governments have introduced various policies.
When dealing with inflation, one of the most frequently discussed solutions is distributing money in different ways, and the Singapore government seems no exception.
Vouchers, subsidies, or appliance discounts: Which is better?
For example, over the past two years, the Singapore government has consistently provided financial assistance to citizens, with the total amount last year reaching S$1.9 billion. In addition to direct cash distributions, there are utility rebates and transportation subsidies.
In China, the government subsidizes large household appliances by 15%-20%. The Ministry of Finance announced that it has pre-allocated 81 billion RMB in funds for a 2025 nationwide "old-for-new" consumer goods subsidy program.
Some companies are also directly giving out cash.
For instance, $ocbc bank(O39.SI)$ has, for the second consecutive year, provided grants to junior employees to help them cope with rising living costs. Around 11,000 employees across the group benefited, including approximately 4,000 employees in Singapore, each receiving S$1,000.
The new round of CDC vouchers: Have you claimed yours?
Starting January 3, every Singaporean household is eligible for S$300 in Community Development Council (CDC) vouchers.
This round of vouchers introduces about 600 new participating coffee shop stalls offering affordable meals.
Supermarkets and neighborhood merchants have also launched promotional activities, such as additional discounts or free gifts, further enhancing the actual value of the vouchers.
How do you view the CDC vouchers?
Which government strategies do you prefer?
What are some money-saving tips to cope with high inflation?
Leave your comments and also post to win tiger coins~
Comments
@icycrystal @Shyon @koolgal
As for the government strategies, I prefer a combination of direct cash assistance & targeted subsidies. Direct financial help, like the CDC vouchers provides immediate relief. At the same time, offering subsidies for essentials like utilities & transportation can ease ongoing living costs.
To cope with high inflation, I prioritize budgeting, cut back on non-essential spending & look for sales or discounts, especially on groceries and household items. Also, I invest in stable SG blue chip $ocbc bank(O39.SI)$ for consistent dividends & return!
@Tiger_SG @Tiger_comments @TigerStars @TigerGPT
any forms of help is appreciated... though not sure how much it can help since inflation is still riding high... everything going up... [OMG] [OMG] [OMG] salary increments and bonuses cannot even cover [Gosh] [Gosh] [Gosh]
@Shyon @rL @GoodLife99 @Universe宇宙 @HelenJanet @LMSunshine @koolgal @SPACE ROCKET @TigerGPT @Aqa
How do you view the CDC vouchers?
Which government strategies do you prefer?
What are some money-saving tips to cope with high inflation?
Leave your comments and also post to win tiger coins~
Over the past two years, the Singapore government has consistently provided financial assistance to citizens, with the total amount last year reaching S$1.9 billion. In addition to direct cash distributions, there are utility rebates and transportation subsidies.
@koolgal @Shyon @Aqa @SPACE ROCKET @TigerGPT @LMSunshine @rL @GoodLife99 @HelenJanet @Universe宇宙
How do you view the CDC vouchers?
Which government strategies do you prefer?
What are some money-saving tips to cope with high inflation?
Leave your comments and also post to win tiger coins~
Hope more help like this will be more forthcoming as there are alot of low income families.
@Tiger_SG @TigerWire @TigerGPT
Same goes to GST.. When Gov up 1% to 8% food stalls up their food by $0.5 to $1..
Our Gov again increased GST again by 1% to 9%, food stalls again increased by 0.5 to 1%.
Have anyone seen prices drop after they increased??😁😁