Seedly on household income
In a previous article, we noticed that the median Singaporean household income is at S$8,846. This works out to be S$2,584 per household member each month.
With that being said, we also noticed that for the higher income earners, their monthly expenditure is not even 1/3 of their household income, which means they will only get richer with each passing month. The lower 20% earners in Singapore however, will have an issue covering their monthly expenditure.
This article by Value Penguin took a statistic spin on the wage gap between the high earners and the lower ones.
Narrowing Wage Gap In Singapore?
There have been many reports of the narrowing wage gap in Singapore. For instance, Singapore’s Gini coefficient, the most commonly used indicator of income inequality, has reached 0.458 in 2016, its lowest level in a decade (it was -2.6% lower than its level ......