There is a large number of Singaporeans that are high income.
They are those who start businesses, the corporate high flyers in thriving industries, the ones who worked the Singapore school systems who eventually got into good secure government jobs.
They earn upwards of $80,000/yr.
And they are the ones their peers put on the pedestal of where they wish to get to.
That is not myopic.
Certainly, the cost of living in Singapore is not that low and with more income, it has the potential to increase the level of comfort for your family.
However, to look at only the high income is like only measuring the performance of a business by looking at its revenue. There are expenses that could be substantial which you did not deduct away.
Your feeble brain always assumes a higher income means inevitably a higher wealth buffer (difference between your cash inflow and …