Why is nobody talking about how inflation is affecting the health of Singaporeans?
In a joint statement by the Monetary Authority of Singapore and the Ministry of Trade and Industry released on 23 May 2023, Singapore’s core inflation remains firm at 5% in April. This is mainly due to the higher cost of holiday expenses and airfares.
Overlooking our psychological well-being in light of financial strain perpetuates a cycle of neglect and further exacerbates the plight of those already suffering. And it shows in the numbers. How Much Are Health Screening Packages in Singapore? Comparing Public and Private Hospitals and Clinics29% of Singaporeans have cut back on expenses related to their health.
Those who have reduced expenses related to their health score more than four points below the national average. Now, that’s totally cool if you’re a homebody. But for those who limit social engagements solely because of the need to save money, it’s rough. Human beings thrive on social connections, and when financial constraints limit their ability to maintain an active social life, mental health can suffer.
Advocacy efforts and public pressure play a vital role in shaping political discourse and policy priorities. Historically, mental health has struggled to gain the same level of attention and activism as other social issues. I mean, there’s progress for sure, but we all know that more work is needed to push mental health forward in social, economic, and political discussions.
42% of households in Singapore have reduced their grocery budgets by 10-20%, while an additional 23% have reduced them by 30% or more. . Before you begin to wonder how these folks are making it rich during an inflationary period, here’s the answer: they’ve found creative ways of stretching their dollar.
Stay connected with loved ones, seek emotional support, and engage in activities that foster social connections. Sharing experiences and concerns with trusted friends or family members can provide comfort and perspective.
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