Pioneer and Merdeka generation made 16x (/greater) profit from their HDB sure win, asset enhancement public housing HDB flat and are now receiving even more subsidies for their healthcare costs. Will there be any reserves left for Gen Z and at the rate of inflation in HDB prices (LHL, NDR2018, AMK HDB BTO value rose in 40 yrs from $25k to $400k (@59yrs lease left))... so if price not changed and bought by Gen Z in say 15-20yrs time with just 44-39yrs lease left @$400k, means cost of living must be very high and thus Gen Z medical package must be as generous as Pioneer and Merdeka medical packages if not more.
Generations of Singaporeans:
"the group of Singaporeans born in 1949 or earlier. They were a special generation, who sacrificed much to bring up their families. They did not have good educational opportunities. Most started working early, had low-paying jobs and could not put aside much for old age.
They spent most of their working lives in Third World Singapore; only to retire in First World Singapore. Understandably, they were worried about their healthcare needs. "
"those born between 1950 and 1959....They saw the posters and banners that festooned the streets, and were stirred by the rallying cry "merdeka". One word that meant so much - liberation, freedom, independence. One word that expressed the determination and the passion, the ambitions and aspirations, of a people who were roused and on the move.... earned more over their lifetimes, and accumulated more CPF savings, because in the early 80s, wages increased sharply. "
Generation X, Latch Key generation, Generation Flux, 'Watershed generation': Majulah generation witnessed results of 1G PAP gahmen Midas touch : rapid transformation and industrialization of Singapore towards 1st world GDP. Gen X NSF queued up once during confinement period during BMT at the camp's sole 10cents pay coin telephone: call automatically were cut in 3mins as that is how long a standard 10cents call always lasts.
" the cohorts that came after [Merdeka generation] them did even better. As we improved the education system, year by year, more of the younger cohorts earned diplomas and degrees, and found higher skilled and better paid jobs."
Millennial Generation (Gen Y): "researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years.... In most parts of the world, their upbringing was marked by an increase in a liberal approach to politics and economics; the effects of this environment are disputed. The Great Recession has had a major impact on this generation because it has caused historically high levels of unemployment among young people, and has led to speculation about possible long-term economic and social damage to this generation." https://en.m.wikipedia.org/wiki/Millennials
(also known as the iGeneration, Homeland Generation, Centennials, Generation Sensible, and Post-Millennials)('Strawberry generation'): researchers typically use the mid-1990s to mid-2000s as starting birth years. At the present time, there is little consensus regarding ending birth years.
Most of Generation Z have used the Internet since a young age, and they are generally comfortable with technology and with interacting on social media. https://en.m.wikipedia.org/wiki/Generation_Z
The Merdeka Generation is not forgotten; PUBLISHEDAUG 22, 2018, 5:00 AM SGT https://www.straitstimes.com/opinion/the-merdeka-generation-is-not-forgotten