Salary.sg Forums - View Single Post - How much do you earn and save?
View Single Post
  #332 (permalink)  
Old 08-03-2022, 08:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You probably come from a poorer background to be so dogmatic about this. Here's some perspective.

For most of us millenials, our boomer parents made literally millions while riding the wave of growth that swept Singapore during LKY's time right through to the early 2000s. Not only did their businesses prosper, the houses that they bought years ago for money that would buy only a HDB flat or small condo today are now worth many millions. Money is completely no issue to them now and us kids earning $4, 5 or even 10k really pitiful to them, especially considering the cost of homes and living today.

Thankfully, my parents see the lack of reward for the hard work of the younger generations and feel sorry. They told me to stop at $300/mth and give no more. I am forever thankful for their thoughtfulness and give them more whenever I can, especially when there are bonuses or promotions.
And here’s some more.

1. Most millennials don’t have parents who made millions.

2. My parents have a net worth of >$4m (lucky that I am in an above average household) & and they didn’t ask for allowance. That said, I myself know it’s a sin to give anything less than $6/day (especially if I’m still living rent free despite holding a FT job).

Reply With Quote