While Singapore ranks among the richest countries in Asia and the world based on GDP per capita, the wealth distribution in the country is highly unequal. While Singapore’s government has implemented social safety nets and financial assistance programs to address inequality, the cost of living and the pace of economic growth mean that the wealth disparity remains a significant issue.
While Singapore ranks among the richest countries in Asia and the world based on GDP per capita, the wealth distribution in the country is highly unequal. While Singapore’s government has implemented social safety nets and financial assistance programs to address inequality, the cost of living and the pace of economic growth mean that the wealth disparity remains a significant issue.