The 2013 Household Expenditure Survey is out and the statistics seem to be positive overall. Both household incomes and household expenses have gone up over the past 10 years, with income increasing at a higher rate of 5+% compared to expenses which increased at a rate of 4+%. How About Loan Expenses?  Overall, that’s a good sign. Savings ratio seems to be pretty high as the income seems to be double that of the expenditure. It looks like Singaporeans are becoming more prudent. However, there are some issues with the household expenditure number. It does not include the housing loans, which is a huge chunk of most household expenditures. Other significant loan expenses which are not calculated include car loans and personal loans. Breakdown of Expenses At one glance, you can see that the majority of the expenses are made up of personal and household expenses at ......