Singapore Shifts From Baby Incentives as Fertility Rate Hits Record Low of 0.97
Updated
Updated · Bloomberg · Jun 9
Singapore Shifts From Baby Incentives as Fertility Rate Hits Record Low of 0.97
3 articles · Updated · Bloomberg · Jun 9
Summary
Prime Minister Lawrence Wong said Singapore will put less emphasis on baby bonuses and other incentives, and instead focus on making life better for families.
A record-low fertility rate of 0.97 drove the shift, with Wong acknowledging the limits of government efforts to reverse falling birth rates.
Singapore’s move reflects a broader challenge facing many countries as policymakers struggle to lift births through financial inducements alone.