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Because according to our calculations, it will cost at least SGD $340,000 to raise one child in Singapore from infancy to 21 years of age.arents like marketing manager J Lim, 33, says she typically spends $600 per month on her 20-month old son and puts away $500 monthly into his education fund. She hopes that the fund will accumulate at least $108,000 by the time he turns 18 and in need of the money for his university education.
In 2005, the unemployment rate for persons aged 15 years and over was 2.5%, the lowest in the last four years, with a labour force of 2.3 million people. The average household monthly income was SGD 4,943 in 2000, which was an increase of $3,080 in 1990 at an average annual rate of 4.9%.The average household income experienced a drop of 2.7% in 1999 due to economic slowdown.Measured in 1990 dollars, the average household monthly income rose from SGD$3,080 in 1990 to SGD$4,170 in 2000 at an average annual rate of 2.8%.s of 2012, Singapore total fertility rate (TFR) is 1.20 children born per woman, which represents a sub-replacement fertility rate and is one of the lowest in the world. Ethnic Chinese had a ferlility of 1.07 in 2004 (1.65 in 1990), while Malays had a TFR of 2.10 (2.69 in 1990).