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America vs. Singapore: You can't save your way out of economic shocks
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Overview
Saving regret is influenced more by a country's ability to absorb economic shocks than by individual procrastination. Research shows a weak or nonexistent relationship between procrastination and saving regret across various psychometric measures in both America and Singapore.
Summary from governance.fyi.
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Hacker News · governance.fyi
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Based on 5 sampled comments from this thread. Analyzed 2026-02-19.
- Praise: Singapore's government has effectively created a sense of community and safety, fostering an environment where startups can thrive and contribute to economic stability.
- Praise: The achievements of Singapore since WWII are commendable, showcasing the potential of well-structured governance and community support.
- Concern: The CPF system in Singapore is criticized for being a forced bond purchase scheme that offers low returns, potentially limiting financial freedom for citizens.
- Concern: The regressive shock absorber model in Singapore disproportionately affects immigrants, who often face severe economic hardships without adequate support during downturns.