According to mom ( http://stats.mom.gov.sg/ ) the gross monthly income from work is as follow.
The average annual increment compounding % probably roughly about 5.4%.
Going to another website on Singapore CPI, the chart as below. Roughly 2.7%. Thanks to the tapering off in 2015-2016 due mainly I believe to the property curb and low oil price. It would have hit 4%.
What this means for saver is we are able to save half of our annual increment. Perfect !
But wait …. let’s look closer on CPI basket.
Notice something ? Housing and utilities constitutes only 26.3%. Didn’t some guru say ~ …