Field Research

In 2015, a Singapore based charity, Methodist Welfare Services, administered a one off debt settlement system for chronically indebted, low earnings Singapore households. Participation ended up being on a households with month-to-month per capita income not as much as Singapore bucks (SGD) 1,500 (the best 3rd of households by earnings) and that had outstanding chronic debts owed for at the very least 6 mo. In 2015, one SGD was well well worth $1.15 united states of america dollars (USD) at buying energy parity change prices, so participant households had monthly buying power significantly less than USD 1,725 per capita. Qualified debts included housing (mortgage or leasing), utilities, town council fees, telco bills, and hire purchase debts. Read More