Personal Finance
Median household income in 2020 is $9,189
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  February 8, 2021
Read? Median household income in 2019 is $9,293 Read? Household incomes fall in 2020 due to COVID-19 impact, but rose in past 5 years SINGAPORE: Median household incomes fell last year as Singapore's economy shrank, but had increased over the last five years, according to a paper released by the Singapore Department of Statistics (DOS) on Monday (Feb 8). The median monthly household income from work fell by 2.5 per cent from S$9,425 in 2019 to S$9,189 in 2020, reflecting the impact of the COVID-19 pandemic. After adjusting for inflation, it was a 2.4 per cent drop. However, from 2015, when the median monthly household income was S$8,666, there was a cumulative increase of 5.2 per cent or 1 per cent per annum in real terms, said DOS. To account for different household sizes, DOS also provided figures for the median monthly household income from work per household member. This fell from...
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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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