In Depth - Global Recession and The Homeless

By: Arafah.

Like most of the countries in the world, Singapore is also experiencing a recession. This global credit crunch has led to people losing their jobs. Jobs are becoming scarce and people find it difficult to pay for their homes. People with very little education or skills would be hit the hardest. This would affect their marriage and their children's education.

These people face a stark reality: losing their homes, their families might disintegrate and they could end up on the streets. Experts predict that it would take about 2 to 6 years for Singapore's economy to recover. Before the economy recovers, the number of homeless people in Singapore is expected to increase. This presents a big problem for all Singaporeans and we need to find conclusive solutions to solve this growing problem.