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Financial support of more than a hundred dollars a month for someone whose income from $2 to $3,000 has dropped to hundreds?

By on September 29, 2022 0

In a report by Singapore’s state media, Straits Times, it is said that S$74 million has been distributed since 2021 under the COVID Recovery Grant.

This amount has reportedly been paid out to approximately 30,000 beneficiaries since its launch in January 2021.

This program is intended to provide temporary financial support to workers from low to middle income households who have experienced involuntary job loss, involuntary leave without pay or loss of income due to the economic impact of the coronavirus pandemic. COVID. However, it is expected to end in December this year.

One beneficiary named by ST in its report is a 62-year-old lady who lives in a four-room apartment with her husband and daughter.

She would have received $460 per month from July 2022 to September 2022, because her income from managing tuition fees for high school children was reduced by at least 50% from March to May of this year.

In 2021, she received $260 per month from October to December and $500 from the Covid-19 Recovery Grant (temporary) in June.

His pre-pandemic income was estimated to be nearly S$2,000-3,000 per month through running the tuition center. Since business has taken a hit during the pandemic, she has had a harder time finding college students and only earns a few hundred dollars a month.

Meanwhile, her 73-year-old husband lost his job as a software engineer during the pandemic and now works as a dumpster driver.

ST quoted the lady as saying that the money she received from the grant has helped her advertise her tuition center to hopefully attract more parents and students and revive business and that she was a little discouraged to know that the program will be interrupted.

She said: “It has helped me a lot when times are tough. If it is no longer available, I will need help in other ways. But I’m sure if the government sees that there are still people like us who need help, it will happen one way or another.

Looking now at the amount reported by ST, does that mean the 63-year-old lady received a total of S$2,660 between June 2021 and September 2022?

  • June 2021: S$500
  • October to December 2021 – (S$260 x 3): S$780
  • July to September 2022 – ($460 x 3): S$1,380
  • Total: 2,660 Singapore dollars

So that works out to about $166.25 per month ($2,660 divided by 16 months) for the lady, while her usual income of $2,000 to $3,000 has been reduced to “just a few hundred dollars a month”. ? Not to mention that her husband also lost his job at the same time.