World's second-richest country gives 5,000 children cash benefits to boost birth rates (opens original article in a new tab)

Singapore launched a financial incentive program offering up to S$16,000 in benefits for families with three or more children to address low birth rates.

• Around 5,000 children received enhanced financial support under Singapore's Large Families Scheme to encourage having three or more children.
• Families get up to S$16,000 in benefits including Child Development Account top-ups, MediSave grants, and annual LifeSG Credits for household expenses.
• Singapore faces a record low fertility rate of 0.87 and aims to address demographic challenges with these incentives.
• The government's policy targets households with three or more children, which are now considered rare due to low birth rates.