Decision-Making Scenario - Management Assignment Help

Assignment Task

The Invisible Poor in Singapore Singapore was hailed as one of the world’s richest countries. However, while the living conditions among Singapore’s poorest were not as dire as in other countries in the region, about 14% of its citizens faced severe financial constraints and could not afford even their basic requirements. Over 2012-2015, there was an increase of about 43% in the number of families living in poverty and dependent on government assistance, the worst result to be reported officially in Singapore. In 2015, the country had one of the largest inequality gaps in advanced Asian countries.

As of June 2020, after the elderly (60 years plus), Singaporeans between 15 – 34 years of age were the most financially-affected group with around 5% unemployed (double of other age groups), and about 41,500 working in low-paying entry-level jobs earning below S$1,000 a month. While the Ministry of Social and Family Development (MSF) provided short to medium term financial aid to 5,644 young households (applicants below 35 years of age), it was inadequate in addressing the issue over the long term.

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