Career & Education
Cory Diary : Is all about Inflation, Stupid !
By CoryLogics  •  March 17, 2016
According to mom ( http://stats.mom.gov.sg/ ) the gross monthly income from work is as follow.
Gross Monthly Income From Work
 Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents
Mid-Year 2006 2007 ​2008 2009 2010 2011 2012 2013 2014​ 2015
  Levels ($) 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705 3,770 3,949
The average annual increment compounding % probably roughly about 5.4%. Going to another website on Singapore CPI, the chart as below. Roughly 2.7%. Thanks to the tapering off in 2015-2016 due mainly I believe to the property curb and low oil price. It would have hit 4%. What this means for saver is we are able to save half of our annual increment. Perfect ! But wait .... let's look closer on CPI basket. Notice something ? Housing and utilities constitutes only 26.3%. Didn't some guru say ~ ...
...
Read the full article
By CoryLogics
I am not an investment adviser. Nothing herein my blog constitutes investment advice. Is my personal believes that not everyone has to go through the hard way. This blog also serve a purpose to help me record my understanding and personal learning growth. I sincerely welcome all comments.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance