Children’s happiness is often linked to the financial preparedness of their parents, and what is worrying is that a survey conducted by Income found that about 75 per cent of parents here are concerned about not having enough money to provide things that make their children happy.

“This is an important finding, because we also found that 47 per cent of parents in Singapore were willing to compromise their own lifestyle in order to financially provide for things that make (their children) happy,” said Income chief marketing officer Marcus Chew.