A parent had a casual chat with me and mentioned their adult son who has decided to forego dating as he feels it is "not worth it". This attitude seems to be a recent development in dating dynamics overseas, but to hear that young men here are of a similar mind, it's worrying. If we are trying to encourage breeding among our young couples, perhaps incentivizing already married couples to procreate is too little too late. After all, if young people aren't dating in the first place, nobody's getting married.
Of course, I'm speculating and overgeneralizing here, but it seems that dating, marriage, and babies require more money than people are willing to spend on them, hence the PM's Budget proposal. But we need to examine the problem at the root. PM Wong isn't allocating any budget to encourage dating, the first link in the ball-and-chain of marriage and family, but I doubt throwing money at this problem will solve anything, anyway.
What I think has gone wrong with dating today is not the money per se, but the expectation that young men have been priced out of the dating market. In the past, couples knowingly believed in the romantic fantasies of 'love at first sight' and 'love conquers all', meaning that even if we were broke, the couple would still find something to do without breaking the bank. That was how it was with me and the wife in our early days, especially in the year she had an income, and I was living off my rapidly diminishing savings. Today, dating has transformed into a transaction. No more 'love at first sight', aspiration has mutated into the expectation of 's_x on first date'. There seems to be an understanding that the man will pay for an expensive date, but if he doesn't get to round the bases after that, he feels cheated, having been used for a free meal, drinks and entertainment. Meanwhile the ladies invest in themselves to look their best on the date, hoping to entice their partner to become so smitten by their stunning appearance that wallets gape open, spewing money everywhere. "If a man can spend so much money on me, it must be love", but because of the transactional nature of the date, it's like the more money he spends, the less she feels cheap and the more she feels like a princess when it's time to seal the deal.
Young men, of course, don't earn enough to pay for many extravagant dates, so they don't even bother approaching women, while young women get asked out by older gentlemen who have built up enough resources to lavish their dates with the level of luxury expected. But once the old, rich guy has had (and paid) for their fun, they'll take their business elsewhere. No commitment, no baggage, just the endless thrill of "love 'em and leave 'em". Women are left bewildered and frustrated, being ghosted by the man who demonstrated love by showering them with material blessings the night before, and now they no longer believe that love is forever. Everybody playing this game eventually develops trust issues, it seems. Not exactly a solid foundation to build family on.
If it is true that the dating pool today is messed up by everybody's unrealistic expectations of what the dating ritual is supposed to accomplish, then it's going to take an attitude reset, and not necessarily mo' money, that will get the human population back on track.