​News | Elderly in Singapore need S$1,379 a month for basic needs: Study

Channel NewsAsia online, 22 May

An older person above 65 years old needs S$1,379 a month to meet his or her basic needs, according to a team of researchers from NTU and NUS. The sums were derived from focus group discussions involving more than 100 participants from diverse backgrounds, and using a consensus-based methodology known as Minimum Income Standards (MIS). “To tackle inequality, it is critical to establish an agreed floor below which no one should fall," said Assoc Prof Teo You Yenn from the School of Social Sciences, NTU, a member of the research team and author of This Is What Inequality Looks Like. "The MIS method can be usefully applied to generate societal consensus across a range of household types."

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