These general statistics do not always convert to a sense of financial stability, despite the rising middle real household income and real family income per part across all deciles. Some Singaporeans feel as though their everyday expenses are no longer as expensive as they were before. Climate tickets, previously limited to HDB families, have now been extended to personal property residents, extending more aid to Singaporeans who may be asset-rich but cash-poor.
SUPPORT FOR BOTH Client AND Trader
Even though some people prefer the freedom of unrestrained cash handouts, the CDC Voucher Scheme laudably covers a wide range of essential goods and services at homeland stores, ensuring that quite shots are spent within a specific local ecology.
This targeted approach ensures that money is specifically devoted to hawkers and heartland shops, encouraging local spending, and creating an economic multiplier effect that encourages job creation and competitiveness in comparison to larger chains and online platforms.
The government claims that nearly all eligible households used and spent their vouchers in the 2021 and 2022 tranches. Over S$ 1.3 billion worth of vouchers were spent in the 2023 and 2024 tranches.
Over 20 000 heartland merchants and hawkers were signed up by December 2022, with many reporting significant revenue increases as a result of the scheme, which is still high.