So has Singapore's social services gone bankrupt? Did they just run out of young people to fund it? Edit: OK, OK, I found a 2011 Brookings report that explain

So has Singapore's social services gone bankrupt? Did they just run out of young people to fund it? Edit: OK, OK, I found a 2011 Brookings report that explains it: "Social Policy in Singapore: A Crucible of Individual Responsibility".[0] Basically, social services mandates savings, with more or less self-managed investment, but doesn't guarantee benefits. And it has emphasized home ownership. So no, their system isn't at risk of bankruptcy. But then: > Like the standard criticism of defined-contribution pension plans, the standard criticism of somewhat minimalist social policy such as that which characterises Singapore is that it does not cover enough risks and actual problems faced by the poor, the elderly, and the sick and disabled. As we have seen, European, Scandinavian and North American countries spend around 35% of their GDPs on social programmes. Although a comparable figure on total social welfare spending is not available for Singapore, the Government of Singapore spends only 16.7% of its GDP on all its programmes, a figure that is less than half as much as European and Scandinavian programmes spent just on social welfare. So there we have it: individual responsibility. 0) https://www.brookings.edu/articles/social-policy-in-singapore-a-crucible-of-individual-responsibility/ https://www.brookings.edu/articles/social-policy-in-singapor...