
".... perhaps the most striking finding was that when asked what contributed to a person's success in Singapore, the vast majority, whether from top schools or otherwise, said it was hard work, ability to do well, talent, intelligence, in that order.
Only 2 to 3 per cent of those polled from all backgrounds cited family wealth as a major factor in someone making it to the top."
So 97% or 98% of Singaporeans do not believe that family wealth is a major factor in determining one's success in Singapore. But is this true?
Well, let's take living in a private home (as opposed to a HDB flat) as an indicator of family wealth. And let's take the achievement of getting a PSC scholarship, as a symbol of success in our society. I did a little googling, and this is what I found:
Only 15% of Singaporeans live in private homes; the other 85% live in HDB flats. However, it turns out that about 47% of of all PSC scholars live in private homes.
Well, let's take living in a private home (as opposed to a HDB flat) as an indicator of family wealth. And let's take the achievement of getting a PSC scholarship, as a symbol of success in our society. I did a little googling, and this is what I found:
Only 15% of Singaporeans live in private homes; the other 85% live in HDB flats. However, it turns out that about 47% of of all PSC scholars live in private homes.
In other words, almost half of all PSC scholars belong to the richest 15% of the population.