Personal Finance
How 2015 Singapore Median Income of $8666/mth fare versus past 15 years, Inflation and GDP Growth
By Investment Moats  •  February 27, 2016
The latest household income have been published and it seems the general narrative is that the bottom 30% and top 10% grew their household income the fastest. This is no doubt by government’s helping hand and the rich being rewarded for their efforts. 2015’s median income comes up to $8666/mth which is a nice 4.5% growth over last year. This is a nominal figure, meaning it doesn’t factor in inflation and it includes the Employer CPF Contribution. I still don’t get why in this country we don’t talk in terms of annual figures. Here are the data for the past 15 years. Note that it includes employers’ CPF contribution so you probably have to divide some figures by 116% then multiply by 100%. I have also show how the figures will look if its divide by 2, since most household have 2 income earners, as well as the annual ......
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance