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Type of housing Singaporean parents own can impact children's future economic status: NUS

Type of housing Singaporean parents own can impact children's future economic status: NUS.

SINGAPORE - A new research by the National University of Singapore (NUS) has found that the type of housing owned by Singaporean parents, along with the country's housing policies, can significantly influence the next generation's economic status.

According to the study, children from low-income families, defined as those with parents in the bottom 60th percentile nationally, show upward mobility in housing wealth, mainly due to Singapore schools being located close to HDB towns.

In contrast, children from middle-income families with parents in the 60th to 80th percentile ranks, are worse off than their parents in housing type, because government subsidies motivate them to buy into more affordable public housing.

To read more: https://www.straitstimes.com/business/property/type-of-housing-singaporean-parents-own-can-impact-childrens-future-economic?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_PM&utm_term=Type+of+housing+Singaporean+parents+own+can+impact+children%27s+future+economic+status%3A+NUS&utm_content=17%2F10%2F2019

Adpated from The Straits Times 17 October 2019