How the Singapore CPF compares to US Social Security

CPF may have some issues, but it's nothing like the US Social Security system, and that's a good thing!
CPF may have some issues, but it’s nothing like the US Social Security system, and that’s a good thing!

There have been many articles and blogs lately about the fairness and viability of the Singapore CPF. As a new PR to Singapore, I know that I have much more to learn and understand on this topic; in no way do I claim to be an expert in it. But I am quite familiar with the US Social Security scheme, its current status and future viability. Since one blogger in particular has compared the two retirement schemes, skewing his findings in favor of these western schemes, I would like to shed some light on some of the “heart truths” about the US Social Security system (all backed by references, of course). (more…)

How the Cost of Living in Singapore Compares to the US (part 2)

housing rental mortgage cost in Singapore
Yes, housing here is expensive, but how does it really compare to other places?

Singapore versus the United States: How does the cost of housing compare? The housing scene is very different in the US. And it varies greatly depending on the location, and whether you are in a rural, suburban, or urban community. I’ve lived in both nations, as well as in various US communities. But for the purpose of this comparison, let’s just look at urban settings. Here are some thoughts from my own personal (though limited) journey.

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How the Cost of Living in Singapore Compares to the US

Singapore currency
Prices in Singapore may be higher than in the US, but there are good reasons for it.

I’m writing this series of articles partially in response to the article that ran in Straits Times on 20 May, 2014. The article was entitled “Five things in Singapore that are cheaper than other cities“. And earlier this year, the Economist Intelligence Unit (EIU) ranked Singapore as the “World’s Most Expensive City“. As an American, I believe that living in Singapore, in some ways, is more challenging than living in the US. There are many basic things that are more expensive here. But despite this, I still think I made a good choice. Here are some thoughts from my own personal (though limited) journey. (more…)