PSP's Damien Tay: "No silver bullet" for the dwindling birth rate in S'pore, but high cost of living is one of the concerns

During the Progress Singapore Party (PSP)’s Meet-The-People online session on Wednesday (17 June), a member of party, Damien Tay, noted that the cost of living is one of the factors behind the dwindling birth rate in Singapore.Mr Tay noted that there is “no silver bullet” on this total fertility rate issue, but said that if a couple could at least be allowed to rent a house before they can actually afford to buy one, that would eliminate one big concern when starting a family.Mr Tay was among the new faces featured in the “MeetPSP 4” online session. He was responding to a question on how PSP would improve the falling birth rate in Singapore. He went on to add that the party will also propose a stipend amount for couple who have children from the age of zero to ten, which can help to alleviate the immediate concerns of Singaporeans regarding housing cost as well as the cost of raising a child in the country.When introducing himself, Mr Tay, who is currently a customer service manager, said that he was raised in a single-parent family and had went through a “hard-knock” working career.“I have been retrenched twice and each time I have actually bounced back but it's increasingly getting harder and harder for PMETs like myself, having to contend with competition and ageism as well,” he said.












