The number of families receiving ComCare’s Short-to-Medium-Term Assistance (SMTA) fell to a five-year low in 2024, reflecting improvements in the economy, the job market, and other government support programs.

And while short-term financial aid helps families meet their basic needs, nearly half of households who left SMTA in 2021 returned for assistance within three years, highlighting ongoing financial challenges.

On The Big Story, Hongbin Jeong speaks to Nathan Peng, Assistant Professor of Political Science, Singapore Management University (SMU), to discuss the drop in SMTA recipients and how government programs are supporting lower-income families in both the short and long term.

The number of families receiving ComCare&rsquo;s Short-to-Medium-Term Assistance (SMTA) fell to a five-year low in 2024, reflecting improvements in the economy, the job market, and other government support programs.
And while short-term financial aid helps families meet their basic needs, nearly half of households who left SMTA in 2021 returned for assistance within three years, highlighting ongoing financial challenges.
On The Big Story, Hongbin Jeong speaks to Nathan Peng, Assistant Professor of Political Science, Singapore Management University (SMU), to discuss the drop in SMTA recipients and how government programs are supporting lower-income families in both the short and long term.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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