UPDATE: I read through the comments and some people said that Fandi's plight is his own making since he was once a millionaire and lost his fortune on bad investments. That he was once a millionaire is irrelevant to to the issues raised in this posting. You don't have to be an ex-millionaire to face competition from foreigners taking your jobs away, to fall through the cracks in our healthcare system and have problems with housing.....all you have to be is an ordinary Singaporean to face all these problems.
I read his interview in Today and shook my head as I found out how he ended up in his unhappy state.
First he was passed over and sidelined for a coaching job in Singapore. The job has been given to an FT although he has all the credentials and experience to do it.
Fandi's problem is compounded by his wife getting sick. Not only sick but she fell through the cracks of our healthcare system for a common but serious ailment, seizure:
"The medical bills are mounting for me and made worse by the fact that her condition is not covered by insurance." - Fandi, Today [Link]
He now has to endure this ordeal as a result of PAP's policy of making the sick and their families shoulder as much financial burden as possible.
After all this, unlucky Fandi, has to grapple with getting a HDB flat, the most expensive public housing in the world today and HDB policies:
"I am in the process of applying to buy a HDB flat. But I don't have enough in my CPF savings. So things are a bit complicated." - Fandi
Fandi was once a millionaire and lost a large part of his fortune due to poor investments. That partially contributed to his plight today - if he had kept his money, he would be sitting around enjoying early retirement. However, not having a lot of money at his age is not an uncommon phenomena in Singapore as many simply don't have enough earning power to build sizable savings. We are also encouraged to be like Fandi - be an entrepreneur and take risks. His present problems are largely due to the system in place..falling through.the cracks and the tendency to value foreign talents over locals.