The Wealth and Divide in Singapore
I've lived in Singapore for three years. The wealth here is undeniable, yet so is the sharp divide between the rich and everyone else.
Singapore ranks as the world's fourth richest city, thriving in opportunities and investment, especially for millionaires. However, this prosperity does not extend equally to all its residents.
Economic Boom for Millionaires
The city’s rapid growth and status as a financial hub attract wealthy individuals looking to invest and live here. Luxury housing markets are booming, exclusive services multiply, and private wealth management is flourishing.
The Growing Gap for Ordinary Residents
While millionaires enjoy expanding fortunes, many ordinary Singaporeans face increasing challenges. Housing affordability continues to pressure the middle class, and income inequality is rising, creating a disconnect that is feelable in daily life.
Summary
Singapore's significant wealth growth benefits the rich disproportionately, deepening social divides amidst its booming economy.
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