Singapore school fees rise 700+%

There's an article in today's Straits Times on an upcoming steep rise in Junior College school fees. Fees at Raffles JC are going up from $28 to $250 per month from next year (an increase of 793%), while over at Hwa Chong JC, fees are going up from $26 to $225 per month (an increase of 765%).

Now how's that for price inflation? Financial planners tell us to expect 6% inflation per year for education costs, so what do you call this - a super-spike?

In other inflationary news, a financial planner came over to the company to give a talk on healthcare costs, and she said that healthcare costs are also expected to inflate by 6% per year.

So, are you getting at least a 6% raise every year? Your savings accounts are probably not getting you 6% per year either. Looks like we're losing out to inflation, folks.

(2005-11-29 16:02:39 SGT) [Biz] Permalink

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