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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 city-state’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.
Meanwhile, children born to the wealthiest top 20th percentile of families, keep closest to their parents’ wealth levels, but are nonetheless worse off in absolute rank, in part because there is less room for them to surpass their parents.
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