Does a family of 4 really need $6,426 a month for a basic standard of living? It depends

SINGAPORE – A family of four needs at least $6,426 a month to afford a basic standard of living, according to a study released in October.

Put together by a group of researchers from the National University of Singapore’s Lee Kuan Yew School of Public Policy and Nanyang Technological University, the study caused a stir and even drew a response from the Finance Ministry.

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