Business and Money Tips

How to Have Financial Sustainability When Costs Rise More Than Wage Increase? Singapore’s recent public transport fare increase provides a useful lesson about financial sustainability, not only for transport operators, but for every one of us. From 27 December 2026, public transport fares will increase by 7% overall . The Public Transport Council explained that the adjustment reflects factors including wage, energy and other operating costs. At the same time, the Government is providing additional subsidies to moderate the increase for commuters. Why? One reason is financial sustainability . But that raises another question: If public transport needs higher fares because its costs are rising, what happens to commuters whose own costs are rising faster than their wages? What is Financial Sustainability? Financial sustainability is not simply having enough money today. It means: Having sufficient recurring income and resources to meet your recurring costs over the long term, without cont...