According to the latest survey by the Institute of Policy Studies, there are 9% lesser Singaporeans who are motivated by the government incentives, Baby Bonus, in 2014 at 70%, as compared to six years ago (2009) at 79% despite increase in the incentives.
2,000 respondents were surveyed between July and September last year (2014). There has also been a 13% drop in the surveyed who find the Baby Bonus conducive today at 40% as compared to 2009’s 53%.
The survey also found that women are less receptive to the government incentives: 52.9% and 58.2% of male respondents felt that paternity leave and maternity leave would influence their decisions while 45.6% and 53.0% of female respondents felt so.
Singapore’s birth rate as of 2014 is one of the lowest in the world at 1.25. The low birth rate is largely due to financial reasons resulted from the high cost of living in Singapore, which deterred most Singaporeans from tying the knot until their careers have stabilized. As there is no welfare in Singapore, Singaporean couples do not get any help from the government and the Singapore employers are well-known to be largely family-unfriendly.
Last week, Prime Minister Lee Hsien Loong said that if Singaporeans want pro-family benefits like the Scandinavian nations, he will have to raise GST to 20%.