Singapore must be the only country where citizens aspire to downgrade their living standards to retire?
I’ve worked in a few countries and lived abroad for a prolonged period of time as well. One of the strangest things in Singapore is how there seems to be some widely accepted notion that the path to retirement is to sell your own-stay hdb/condo/landed and move to a smaller / cheaper unit to ‘unlock equity’ in your home
To be very honest I find this bizzare - in nearly every other place I’ve been people work towards retirement by finding a forever home and working their way towards it, and making plans to enjoy life at that point. And they are usually happier than not.
I really haven’t heard of anyone who’s actively looking to downgrade their lifestyle to retire, except in Singapore. What’s the point of working your whole life to move into a small and old hdb flat when you retire??
I really wonder what people think about this. Of course I understand retiring gracefully is a privileged thing. But hey shouldn’t we aspire to that? Seems like everyone is so blue pilled on the sg asset progression game they forgot that life is meant to be worth living..?