Singapore Population Size Case Study

2242 Words5 Pages

Singapore’s population size has been increasing steadily over the past few years but only 60% of the population are Singaporeans. In order to increase the population size, there were new policies implemented. It is no secret to all Singaporeans that Singapore has had a low fertility rate for the past few decades. To tackle the problem, the Singapore government has introduced a number of policies to encourage young, married couples to start having more children in order to increase the population size.

One of the policies that the government has implemented within the last 5 years is the enhanced baby bonus scheme. This scheme was set up in April 2001 to encourage married couples to have babies to increase Singapore’s declining birth rate. …show more content…

As the expenses of raising up a child is quite extensive, it is not surprising that one of the major concern of parents is their financial stability. More often than not, they are worried that they are unable to support this additional form of expense if they would decide to raise up a child. This is especially true in the modern day society, whereby everything requires a huge sum of money. Such expenses include school fees, food, housing and much more. As such they would choose not to have a child if their financial status is not stable, which will affect Singapore’s population growth …show more content…

For instance, the baby bonus cash gift will help to ease immediate financial problems they face. As they are able to receive the money in a year’s time, this bonus cash can be used for the baby’s milk powder, hiring of a nanny to take care of the baby and so much more. While the bonus cash gift will solve immediate financial issues, the CDA will take care of long term financial problems that parents might face. These long term financial problems include school fees, enrichment activities and insurance or educations plans for the child. As the financial strain put on parents’ shoulders is significantly reduced by the enhanced baby bonus scheme, they will no longer worry about the financial problems of raising up a child and be more inclined to have more babies. This will help to increase Singapore’s population growth rate and ease Singapore’s issue of ageing

More about Singapore Population Size Case Study

Open Document