The department of Singapore statistics published the Household Expenditure Survey 2017/18.
The department published the results every 5 years. And so we have the figures to compare against the expenditure figures published in 2012/13. That is the data 5 years ago.
There is too much data, and we would probably not be able to finish in one seating.
As a researcher of financial independence, I was curious whether the data do show that Singaporean’s will find it challenging to reach their financial independence goal.
How to Judge whether You can easily reach Financial Independence?In most cases, if you map out your cash inflow and cash outflow, factor in the rate of growth of your wealth, and expenses, you could figure out when a person can be financially independent.
You could however, rely on some rule of thumb to determine if this household can be financially independent much faster than
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