Today-Jan 22

A new report by the World Economic Forum (WEF) on social mobility has found that despite outperforming its Southeast Asian neighbors, Singapore ranks 20th out of 82 countries surveyed. Social mobility is broadly defined as the ability of a child to have a better life than their parents and the impact of a person’s socio-economic background on their success in life. The inaugural Global Social Mobility Report 2020, released on Sunday (Jan 19), estimates that if Singapore is able to increase its performance by 10 points on the index, the resulting growth would add US$2.4 billion (S$3.2 billion) to the nation’s economic output every year. The top performing nation Denmark scored 85.2 points out of 100, while Singapore scored 74.6 points.

Read more at https://www.todayonline.com/singapore/social-mobility-singapore-tops-southeast-asia-ranks-20th-overall-global-study