As more people retire, it will be a smaller working population to bear this increased cost.

There will be a need to increase employment rates, lengthen the employment years of those still working, or raise taxes on the working population.

Question: Explain one challenge adopted by Singapore in managing socio-economic diversity

Answer: One challenge Singapore has faced in managing socio-economic diversity is the aging population in the country. By 2030, the percentage of seniors will be doubled , while citizens aged 20 to 64 will decrease. As show in the demography shown, the percentage has increased to 23.8. Because of this, the government tripled it healthcare expenditure to $11.3 billion to meet the needs of the seniors and eventually affect the working population. There willbe lower productivity , which decrease economic growth for the country.

Qn: Explain how government financed approach meets the housing needs of the people.

Ans:

Government finance approach allow lower-income individuals or families to pay for housing fees for their own home. This is through “ Families may receive housing allowance if they live with children and pay more than 1,400 Swedish kronor for their housing” and “For the elderly with low or no income, they are entitled to a housing supplement which acts as a form of financial support”. This tells us that provision of substantial assistance and financial support ensures that citizens and individuals of different socio economic backgrounds have access to housing. This allows these low income families to be able to sustain themselves, reducing their worries about paying rent on time and decreasing the rate of homelessness, improving the citizens livelihood and wellbeing.

Question: Explain how Government financed approaches meet the educational needs of the people.

Answer: Government financed approach allows for inclusivity of the less fortunate to be able to attend school regardless of their gender, where they live or their social/economic factors. Through this, everyone would be able to have equal opportunities to receive proper education. For example, PhD courses at Swedish public universities for students who are citizens of EU/EEA are not required to pay for tuition for Bachelor's and Master's degrees. Through this, it is evident that the Sweden Government provides its citizens with affordable school fees regardless of their socio-economic statuses.

Question: Explain how Government financed approach meet the healthcare needs of the people.

P: Sweden government met the healthcare needs of the people by making healthcare in Sweden free or subsidise for all local residents. In Sweden, all families are covered by a medical protection scheme where household's with children can claim up to 2466 Swedish kronor from the government, furthermore since 2019 dental acre fees are free for local residents up to the age of 23 while the age beyond 24 is subsidised. Hence, the Swedish government has been able to provide a affordable healthcare to all the residents

Question: Explain how community groups help to promote social mobility

Keeping Hope Alive helps the underprivileged with social mobility by providing them with upskilling and meeting their needs. For example, for those that have monetary problems, Keeping Hope Alive can help them ask for donations to pay off their outstanding utilities bill. From this, the children of these families will be further encouraged to improve on their own life to ensure that later on, as teenagers and adults, they will be able to secure a safe and usable home that will allow them to live properly.

question: Explain one challenge adopted by sweden in managing social economic diversity

There is a mismatch between skills and jobs. Since immigrants may not have received educational opportunities in their home countries, leaving them unable to take up unfilled jobs in sweden. It resulted in high unemployment for low skilled workers and immigrants. Since sweden has one of the larger immigrant population among the European countries it is difficult for all these immigrants to find a job which then causes an income gap between them and other citizens. This would lead to low income immigrants

community groups social mobility the example of daughters of tomorrow (DOT) help promote social mobility by offering support to underprivileged women to give them support in building financial independence. DOT uses their resources to help each women individually by providing courses and support programmes to these underprivileged women. this helps to give these women an equal standing in their financial stability as compared to other women and motivates them to work harder for their families which improves their overall physical and mental health as well as their bonds. this leads to many women being given a chance and therefore improves the social mobility for women.

IN your opinion, what can be done to reduce income inequality in Singapore?

Income inequality can be reduced by donating to charities for the lower income families. For example, "ray of hope" helps single parent families, children with disabilities, elderlies and migrant workers. this helps to increase the quality of life of the people with lower income

Question: what can the government do to address the needs of those in the lower-income groups in SG

Answer: The programs and initiatives under SkillsFuture Singapore give students and working adults access to training and courses to continually upskill and equip themselves with industry-relevant skills. The Workfare Skills support scheme provides training allowance and cash awards to encourage low-wage Singaporeans to upgrade their skills

Question: In you opinion, what can be done to reduce income inequality in Singapore?

Answer: Income inequality can be reduced when Singaporeans take the intiative to volunteer and meet the needs of the less fortunate. The video shows a man, Nizar Mohamed Shariff, who pioneered the making of Free Food For All which provides low income families with free meals. This reduces their burdens as it makes sure that they are provided with nutritious food. In doing so, Mr Shariff builds the community spirit by caring and looking out for the needs of his neighbours.

Question: In your opinion, what can the government do to address the needs of those in the lower income groups in Singapore? Explain your answer using 1 way

Answer:

The government can provide vouchers to support the needs of the lower income groups by handing out GST vouchers in the permanent GST Voucher scheme. Cash payouts in August every year are given to support lower-income Singaporeans with immediate needs, along with quarterly U-save rebates to help these HDB households offset their utilities bills. This helps reduce the financial stress and strain on these households to meet their daily needs and provides more assistance so they can utilize their money on other necessities to improve the quality of their lives and save money. Hence, helping these families achieve social mobility.

Due to high living cost, citizens have to spend a large portion of their income on their basic needs. Government should ease the load of individuals by providing them subsidies to pay for their own needs without worry too much about the hefty healthcare cost.