” If you are poor at 35, you deserve it.” – Jack Ma

source: quotefancy

While that quote works very well as an inspirational quote, it may not be an accurate reflection of what poor means today.

It is easy to look upon a cash-strapped family and conveniently blame the poor decisions they make as the reason for their plight.

Yet, when placed in the same situation, many will end up committing the same mistake of making the same poor decision. All this, proven by research.

How poor are Singaporeans?

Income percentile Average Household Income Average Household Expenditure 1st – 20th $2,071.22 $2,285.30 21st – 40th $5,427.98 $3,622.07 41st – 60th $8,581.92 $4,813.37 …