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 SG YOUTH FAILS TO INCREASE SOCIAL STANDING, VS OLDER GEN

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TSDupeIkan
post Jan 19 2023, 07:05 PM, updated 6d ago

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Singaporean youth less likely than older generations to have seen their social status rise: IPS study

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A study by IPS showed that people between the ages 21 and 34 are less likely to have seen their social status rise than those who are older
Researchers said that this could be because young people have had less time to accumulate wealth compared to the older generation
However, slowing social mobility is still a concern here, with perceptions that it is more difficult for young people to accumulate wealth compared to the older generations

By
Justin Ong
@JustinOngTODAY
Published January 16, 2023
Updated January 16, 2023
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SINGAPORE — Younger people between the ages 21 and 34 are less likely to have seen their social status rise, compared to those who are older, a study by the Institute of Policy Studies (IPS) released on Monday (Jan 16) showed. 

The study, titled "Survey on Singapore workforce’s preparedness for the future of work, their work aspirations and perceptions of social mobility", showed that respondents aged 55 and above are more likely to have seen a rise in their social status.

Seven in 10 among this group do so, compared to 61 per cent of those aged between 35 and 54, and 52 per cent of those aged 21 to 34.

The study, which surveyed 1,010 working adult Singaporeans aged between 21 and 84 in October last year, took stock of social mobility in an effort to understand "how Singaporeans are likely to fare in jobs of tomorrow and where vulnerabilities may lie", a press release on the study said. 

Social mobility and inequality in Singapore have been hot-button issues in recent years. 
Read also
Younger workers less willing to accept lower pay for benefit of family or personal life: IPS survey

In 2018, then-Deputy Prime Minister Tharman Shanmugaratnam urged Singaporeans to keep the “escalator” of social mobility moving. He warned that once it stops, those caught in the middle will be steeped in “pervasive anxiety” of not only trailing those advancing further, but also looking over their shoulder at those who are catching up.

A report by the World Economic Forum in 2020 on social mobility found that despite outperforming its Southeast Asian neighbours, Singapore ranks 20th out of 82 countries surveyed.


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HOW IPS TRACKED SOCIAL MOBILITY

The researchers used what is known as MacArthur’s Social Status Scale or MacArthur’s Ladder, where respondents were presented with an image of a ladder with 10 rungs and asked to imagine that it represents their society. 

"The top rung (10) represents people with the most wealth, education and respected jobs, while the bottom rung (1) represents the most impoverished and least educated with the least respected or no jobs," IPS said. Respondents were then asked to rank themselves on this ladder.

First, they were asked to recall their childhood circumstances at age 18 or earlier and provide a ranking, and then were asked to consider their present circumstance and provide a current ranking. 

"An increase in 'ladder scores' from childhood to present circumstances suggests upward social mobility, and vice versa for a decrease in 'ladder scores'," IPS said. 

The study found that overall, six in 10 respondents reported higher scores now, meaning that they experienced upward social mobility compared to childhood. This compared to 24 per cent who reported no change in scores, and 16 per cent who reported a decrease in scores.

The results were also broken down by age, and the breakdown showed that younger respondents are less likely to have seen upward mobility than older folk. 

Dr Chew Han Ei, a senior research fellow at IPS and a co-author of the study, said: "The simple explanation is that (older respondents) have had more time to accumulate wealth, and also we know that in the past 50 years, Singapore has undergone massive improvements in mobility." 

However, it may not be only time that makes it more difficult for young people to accumulate wealth compared to the older generations. 

Deputy Prime Minister Lawrence Wong noted last year that among the concerns that Singapore faces is that social mobility is slowing, with people who have done well pulling further ahead of the rest due to their entrenched advantages. 

Agreeing, Mr Ang Yew Shen, a 33-year-old director of sales at a wealth management firm, said that young people can still climb the social ladder.

They can succeed by thinking out of the box and knowing how to market themselves or their products through sales and on social media, for instance.

"Sometimes it's not about the time, it's about the person — whether they are willing to take on and seek opportunities out there," he said.

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DIFFERENT PERCEPTIONS OF SOCIAL CLASS OVER TIME

The rungs on the ladder were divided into different brackets:

Rungs one to four were classified as the lower social status bracket
Rungs five to seven were the middle bracket
Rungs eight to 10 represented the upper class

The study found that for those who put their childhood social status in the lower bracket, about nine in 10 reported higher scores for their lives now, compared to just half from the middle brackets and 13 per cent from the upper-class brackets.

More respondents also placed themselves in the middle and upper social class brackets now. 

About half of the respondents reported that they were in the middle social class, while 11 per cent were in the upper class when they were children. However, in their current lives, about seven in 10 said that they were in the middle social class and 19 per cent were in the upper class. 

Conversely, 38 per cent of respondents reported being in the lower social class as children, but only 12 per cent stated that they have remained there.

https://www.todayonline.com/singapore/youth...s-study-2089046

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thedannyguy
post Jan 19 2023, 07:16 PM

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This is happening in whole world especially US. That's why young people there saddled with student and housing loan s prefer Democrat. While old farts that just care about abortion vote Republican
damonlbs
post Jan 19 2023, 07:25 PM

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haiyah

just bring your SGD and come live in malaysia social status rise liou loh

thanks to SGD


Law-sama
post Jan 19 2023, 07:26 PM

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Living in SG must be a nightmare. The cost of living there super high
MR_alien
post Jan 19 2023, 07:53 PM

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things are wayyyyyyyy cheaper back then
like wayyyyyyyyyyy wayyyyy wayyyyyy

last time a car is only few thousand ringgit, house is early 5 figure only
skylinelover
post Jan 19 2023, 09:59 PM

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capitalism 2.0 this is what i call laugh.gif laugh.gif
J2001k2
post Jan 20 2023, 09:10 AM

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QUOTE(Law-sama @ Jan 19 2023, 07:26 PM)
Living in SG must be a nightmare. The cost of living there super high
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i stayed with my sg cousin during christmas period last month.
his friends complain about high cost of living too just like us.
the difference is they complain over a seafood buffet dinner that costs SGD180++ per person including champagne. LOL! tongue.gif
(p.s. my wealthy cousin paid for my dinner.)

but seriously, it's all relative and a matter of perspective....we think it's high cost of living in sg, but for sg ppl, sure, it's expensive, but nothing they cant handle earning sgd. we think it's a "nightmare" only becos we compare with weak ringgit.
Capt. Marble
post Jan 20 2023, 09:27 AM

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I think this sentence sums it all...

"Younger workers less willing to accept lower pay for benefit of family or personal life"

So if starts at high pay with high social standings already... how to increase to even higher?

Meanwhile their parents starts low and move up slowly, thus can see increased in social standing.
Xsence
post Jan 20 2023, 09:36 AM

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QUOTE(Capt. Marble @ Jan 20 2023, 09:27 AM)
I think this sentence sums it all...

"Younger workers less willing to accept lower pay for benefit of family or personal life"

So if starts at high pay with high social standings already... how to increase to even higher?

Meanwhile their parents starts low and move up slowly, thus can see increased in social standing.
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Yeah, cause parents time start low can actually buy house and car.
Last time 1.5k already can buy house , 300k Is already luxury.
Now Rumahwip is 300k btw.
TSDupeIkan
post Jan 25 2023, 07:54 AM

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QUOTE(MR_alien @ Jan 19 2023, 07:53 PM)
things are wayyyyyyyy cheaper back then
like wayyyyyyyyyyy wayyyyy wayyyyyy

last time a car is only few thousand ringgit, house is early 5 figure only
*
Yes

QUOTE(J2001k2 @ Jan 20 2023, 09:10 AM)
i stayed with my sg cousin during christmas period last month.
his friends complain about high cost of living too just like us.
the difference is they complain over a seafood buffet dinner that costs SGD180++ per person including champagne. LOL!  tongue.gif
(p.s. my wealthy cousin paid for my dinner.)

but seriously, it's all relative and a matter of perspective....we think it's high cost of living in sg, but for sg ppl, sure, it's expensive, but nothing they cant handle earning sgd. we think it's a "nightmare" only becos we compare with weak ringgit.
*
Yes

QUOTE(Xsence @ Jan 20 2023, 09:36 AM)
Yeah, cause parents time start low can actually buy house and car.
Last time 1.5k already can buy house , 300k Is already luxury.
Now Rumahwip is 300k btw.
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Yes
TSDupeIkan
post Jan 25 2023, 10:16 AM

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bumpppp
Mr Mercedes
post Jan 25 2023, 10:23 AM

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Sg new gen are soft.

Can't compete with influx of PRC, kachats, AMDK, and talented Malaysians
bengm2019
post Jan 25 2023, 10:30 AM

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QUOTE(Mr Mercedes @ Jan 25 2023, 10:23 AM)
Sg new gen are soft.

Can't compete with influx of PRC, kachats,  AMDK, and talented Malaysians
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Nope. I totally disagree.....

It's all about the salary. If Malaysians are paid the same salary as they are getting back at home, nobody will even go Singapore..

Singapore is also trying to attract the best talents and this is done by giving them high salary. So, those who go Singapore are among the best in their country.. for the normal ones, they stay in their own country...
TSDupeIkan
post Jan 25 2023, 10:37 AM

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QUOTE(bengm2019 @ Jan 25 2023, 10:30 AM)
Nope. I totally disagree.....

It's all about the salary. If Malaysians are paid the same salary as they are getting back at home, nobody will even go Singapore..

Singapore is also trying to attract the best talents and this is done by giving them high salary. So, those who go Singapore are among the best in their country.. for the normal ones, they stay in their own country...
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SO Y SG YOUTH FAIL??????

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petpenyubobo
post Jan 25 2023, 11:03 AM

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The failed system continues to sell their young generations out in exchange for foreign talents who could buy their way into the country with their dirty funds whom the rich locals are shortsighted enough to be greedy to buy them.

Not knowing their children is handed to the devil.
bengm2019
post Jan 25 2023, 11:11 AM

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QUOTE(DupeIkan @ Jan 25 2023, 10:37 AM)
SO Y SG YOUTH FAIL??????

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It's not fail. It's just that most will just have a normal job earning normal salary.. It's so competitive in Singapore that having a degree is nothing, normal...

You have to see the definition of normal to them and normal here. It's different.
J2001k2
post Jan 25 2023, 11:17 AM

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QUOTE(petpenyubobo @ Jan 25 2023, 11:03 AM)
The failed system continues to sell their young generations out in exchange for foreign talents who could buy their way into the country with their dirty funds whom the rich locals are shortsighted enough to be greedy to buy them.

Not knowing their children is handed to the devil.
*
Hehehe...your words very loaded, very full of conspiracy, very lacking in any kind of evidence, all from your ass only.... cool2.gif

1. Singapore system fail!
2. Singapore sell out their young people!
3. Foreign talent going to Sg via money, not skills
4. Foreign talent funds dirty
5. Rich sg ppl shortsighted
6. Rich sg ppl greedy
7. Rich sg people accept dirty funds from foreign talent

Mehresia boleh!!! tongue.gif
petpenyubobo
post Jan 25 2023, 11:21 AM

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QUOTE(J2001k2 @ Jan 25 2023, 11:17 AM)
Hehehe...your words very loaded, very full of conspiracy, very lacking in any kind of evidence, all from your ass only.... cool2.gif

1. Singapore system fail!
2. Singapore sell out their young people!
3. Foreign talent going to Sg via money, not skills
4. Foreign talent funds dirty
5. Rich sg ppl shortsighted
6. Rich sg ppl greedy
7. Rich sg people accept dirty funds from foreign talent

Mehresia boleh!!!  tongue.gif
*
Cannot argue or admit straight pull the race and conspiracy card eh? We know this old trick of snakes already. thumbsup.gif
J2001k2
post Jan 25 2023, 11:51 AM

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QUOTE(petpenyubobo @ Jan 25 2023, 11:21 AM)
Cannot argue or admit straight pull the race and conspiracy card eh? We know this old trick of snakes already. thumbsup.gif
*
No mention of race= why your mind full of race ideas.
No proof, no evidence, no statistic but lots of accusations, connotations of wrongdoing and guilt...so conspiracy.

Need example of evidence?
You say sg system fail...but their health system, education system, economic system, social system all beat mehresia leh.
you just need to see their covid death numbers, their university rankings, their gdp per capita, their policies on racial relations, retirement systems.....which one is mehresia better?
speak facts lah! dun just speak with your ass! want to point out flaws also must make sure the flaw really exist backed up by data.
otherwise lowyat just become your bucket full of your sh*t and lies. tongue.gif tongue.gif

TSDupeIkan
post Jan 25 2023, 12:55 PM

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QUOTE(J2001k2 @ Jan 25 2023, 11:51 AM)
No mention of race= why your mind full of race ideas.
No proof, no evidence, no statistic but lots of accusations, connotations of wrongdoing and guilt...so conspiracy.

Need example of evidence?
You say sg system fail...but their health system, education system, economic system, social system all beat mehresia leh.
you just need to see their covid death numbers, their university rankings, their gdp per capita, their policies on racial relations, retirement systems.....which one is mehresia better?
speak facts lah! dun just speak with your ass! want to point out flaws also must make sure the flaw really exist backed up by data.
otherwise lowyat just become your bucket full of your sh*t and lies.  tongue.gif  tongue.gif
*
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