The dividend payout by EPF certainly would be better than Sg's CPF.

FYI, Singapore’s CPF still earned only 2.5% to 4% – one of the lowest returns on pension funds in the world. And it has been 2.5% to 4% since 1999 – for nearly 20 years.

I don't think there are many people working in Sg can save SGD1000 every month. Don't forget recently they have just gained the fame as the most expensive city in the world.

If you're talking about food maybe yes.. Working there as a middle class isn't easy at all same as here. Look at the accommodation they're paying for only HDB flat (forget about private housing in Sg!).. the car comes with the hefty cost of COE.. no doubt in term of GDP as promoted by PAP is one of the richest countries in the world but if you have zoomed into the actual individual income, it is not the figure translated by GDP. Due to the sky high living cost in Sg, not many people could save $1k net every month. All of them are fighting for survival. This is no.2 of HK!