Singaporeans' education, wages, health have improved over the generations: MOF report

Singapore

COMPARED to earlier cohorts, Singaporeans in their 40s today are better educated, more able to find jobs and earn more, and live longer.

But they also have less family support, as fewer of them are married and families are smaller, a report by the Ministry of Finance published on Tuesday shows.

And while home ownership has risen over time, it showed a slight dip for the generation in their 40s, compared with those who are in their 50s and 60s.

The study, which draws on previously unpublished data from the Department of Statistics and the Manpower and Health Ministries, tracks the socio-economic outcomes of four generations of Singapore citizens born from 1940 to 1979.

It shows that 44 per cent of those born in the 1970s have university degrees, compared to 21 per cent of those born in the 1960s, and 7 per cent of those …