04 Feb '11, 2am

Singapore Needs More Babies

Singapore Needs More Babies

Singapore’s total fertility rate has decreased to an all-time low of 1.16 percent. It’s true the country’s population may have increased by 25 percent over the past decade, but this was due largely to the increased hiring of foreign workers in the prosperous city state. In reality, the low fertility rate points to a worrying fact: Singaporeans just aren’t having enough babies. To encourage married couples to produce more children, the government has implemented the Baby Bonus Scheme, which entitles families to receive a cash gift of up to $6000 for each child they have. Another incentive is the Children Development Account in which the savings of couples is matched by the government to a cap of $6000 each for the first and second child, $12,000 each for the third and fourth child and $18,000 each for the fifth and any subsequent children. But despite this generous financia...

Full article: http://www.temasekreview.com/2011/02/04/singapore-needs-m...

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