CPF is very useful because you will help us to make more money and also we can buy House and also can use for education and many more and also we can use CPF to buy insurance. And also we can use CPF

Inflation

Its about security. It keeps citizens secure. There is a bottom line and safety net. the average singaporean have $200K by 65.

CPF is useful for its purposes. But it also has limitations.

CPF isn't extra wealth creation—it's just your own money sitting in a different account.

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Whether $100 sits in a bank, an index fund, or CPF, it’s still the same $100. The only difference is liquidity and yield.