THE median household income from work among resident employed households in Singapore rose to S$8,846 in 2016 from S$8,666 in 2015, up 2.6 per cent in real terms, Singapore’s Department of Statistics (DOS) said on Thursday.
This is a drop from the 4.9 per cent increase in real median household income from work in 2015, said DOS’s latest paper, Key Household Income Trends, 2016.
After factoring in household size, the median monthly household income from work per household member rose 3.8 per cent in real terms, lower than l2015’s 5.4 per cent growth in real terms.
While households experienced real growth in average household income from work per household member in 2016, the growth has slowed down across the board.
In 2016, the top 10 per cent of households saw the slowest growth with a marginal 0.2 per cent real growth …Read the full article →