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Business Times

Young and not so upwardly mobile

IN 2015, the last time any study of its kind was published, the Finance Ministry looked at incomes of those born from 1978-1982 (aged 37-41 this year) and concluded that inter-generational income mobility in Singapore had remained high. Conditions have since changed, the study said: "As the pace of Singapore's development slows, it will be an increasing challenge to sustain such mobility in the future." In a poll by Blackbox Research last year, seven in 10 Singaporeans felt that income inequality in Singapore had worsened over the past five years, with youths and young working adults more likely to feel anxious about the unequal distribution of income. For more on this story, click here.