Household budgets in a time of rising costs 

In October 2023, the Minimum Income Standard (MIS) team launched our third report, to update prices and budgets for older person households as well as households of single and partnered parents and their children. We also compared these budgets to real incomes, and to various public schemes.

The launch event was held at the Lee Kuan Yew School of Public Policy (NUS), and reported in various news media. The reception of the report by members of the public continues to encourage us and help us think about what lessons we can draw from doing this work. We wrote a commentary to consider how MIS can help deepen views about social inclusion–what it is, and how to forge paths toward it.

Over the years, we have built up a collection of podcasts and videos, in which we talk about how we have done the research and what we have found. These are now collected on our website and we hope they allow more to be able to access our research. There is a nifty calculator for people to figure out what their own households need to meet basic standards of living. We also continue to think about the concept of a living wage and hope that others will join us in thinking about how, having established a baseline, we can work towards ensuring that no one falls below it.