Trivialising ground sentiments that the cost of living has gone up, Prime Minister Lee Hsien Loong said at his National Day Rally speech that Singaporeans are “feeling the pressure” because they want to go overseas for holidays.
The dictator Prime Minister said that Singaporeans are becoming more materialistic, and they buy the most expensive items like baby milk formula and “luxury items” like air-con and the mobile phones.
“They sense that they have to spend more, that their earnings never seem quite enough. There are four reasons:
-Young families are worried about housing and pre-school education.
-The sandwiched generation looking after both children and older parents worry about education and healthcare costs.
-Singaporeans are spending more on items such as mobile phones and overseas holidays to sustain a higher quality of lifestyle.
-Inflation which has led to price increases…
Cost of living has risen as a result of changing lifestyles. People eat out more and vacations have become more common. Things that were once considered luxury items or did not even exist, such as air-conditioners and mobile phones, have also become daily necessities”
Lee Hsien Loong said that Singaporeans have to “do their part” to lower the cost of living by “saving water”:
“Singaporeans should do their part by making small changes – save water, save electricity, and at the same time, shop around for the best prices, and be a smart consumer… Use wi-fi instead of 4G connection when downloading movies… Buy the cheaper infant milk formula instead of the expensive brands… Eat at hawker centres…”
The 66-year-old Prime Minister even compared today to his times saying he didn’t even need expensive infant milk powder:
“Phone bills were typically about $8 a month when people had just one landline at home. Now, they can go up to hundreds of dollars…When I was an infant, there were no such expensive brands of infant milk formula, yet my generation still grew up healthily. So I believe the next generation will not have a problem…While the Government will do its part to alleviate people’s cost of living concerns, each of us also has a responsibility to look after our own wallets.”