SINGAPORE — Younger people between the ages 21 and 34 are less likely to have seen their social status rise, compared to those who are older, a study by the Institute of Policy Studies (IPS) released on Monday (Jan 16) has shown.
The study, titled"Survey on Singapore workforce’s preparedness for the future of work, their work aspirations and perceptions of social mobility", showed that respondents aged 55 and above are more likely to have seen a rise in their social status.
"The top rung represents people with the most wealth, education and respected jobs, while the bottom rung represents the most impoverished and least educated with the least respected or no jobs," said IPS. Respondents were then asked to rank themselves on this ladder. The study found that overall, six in 10 respondents report higher scores now, meaning they experienced upward social mobility compared to childhood. This compared to 24 per cent who report no change in scores, and 16 per cent who report a decrease in scores.
However, it may not be only time that makes it more difficult for youths to accumulate wealth compared to the older generations.that among the concerns that Singapore faces is that social mobility is slowing, with those who have done well pulling further ahead of the rest due to their entrenched advantages.
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