Personal Finance
Median household income in 2019 is $9,293
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  February 21, 2020
Read? Income inequality in Singapore at lowest in almost two decades: SingStat MEDIAN HOUSEHOLD INCOME ROSE The SingStat report also said median household income from work among resident employed households - households headed by a Singapore citizen or permanent resident and at least one working member - grew 1 per cent in real terms, from S$9,293 in 2018 to S$9,425 last year. Household income from work refers to the sum of income from employment and business - including employer Central Provident Fund (CPF) contributions - received by all working members of the household. ------------ Median income incl all CPF in Jun 2019 survey is $4,563 Median household income in 2019 is $9,293 We may use the above number as guide for our retirement income planning. How much is enough to live comfortably in Singapore WITHOUT squeezing ourselves too much by bench-marking to Median income level. Median income after CPF is about $4K Median household income after CPF is $8.2K Monthly "passive" income per...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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