A recent video produced by “Talking Point” garnered quite a bit of lively discussion among the local community.

This has always been a topic of discussion and a somewhat controversial topic. However, perhaps what might have reopened this discussion is the statistics in the latest report –

On average, these households earn a monthly income of S$3,000, and data from the Singapore Department of Statistics (Singstat) show that 16.3 per cent of them own at least one car.

We all know how freaking expensive cars are expensive in Singapore and for those household income that falls lower than a certain threshold, it is no wonder that this created some snippets for discussion.

The following graphical representation shows a pretty good breakdown of the cost of car ownership in Singapore

Source: gov.sg 

Well, everyone has their own circumstance and financial situation. I guess we can’t say whether each decision is right