Wolf Money(portfolio update for end June 2024)long post
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(Image credit: Nippon.com) Falling local population This topic is quite contradicting. On one hand, we have an increase in the overall population, but our local population is stagnating. It is no longer a secret, Singaporeans are no longer reproducing enough to replace ourselves. Although starting a family and having kids is a personal choice. A big part of the decision is financial considerations. With Singaporeans grappling with the high cost of living and high mortgage rates, pro-creation has become a back burner for some couples. Generous financial incentives should be increased to solve the national problem. 1.) Free HDB flat for 3 kids or more The main pain point is having a roof to house everyone. A five-room flat in a nice area costs $1m. Maybe the government can consider taking over the mortgages of those households with 3 or more children. With mortgages taken care of, money could be channeled towards paying for education and other expenses associated with raising a child.