Personal Finance
median monthly household incomes from work increase over the decade.
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  June 21, 2021
HIGHER INCOMES Resident households saw their average and median monthly household incomes from work increase over the decade. The median figure rose by 3.3 per cent per annum from S$5,600 in 2010, to S$7,744 in 2020. After adjusting for inflation, median monthly household income from work rose by 1.9 per cent per annum in real terms. Factoring in household size, income per household member rose from S$1,638 to S$2,463 in the same period – a 4.2 per cent increase per annum, or 2.8 per cent per annum in real terms. Growth in household incomes was also seen across all three major ethnic groups.
S$5,600 in 2010, to S$7,744 in 2020 = 38% increase! How did Uncle8888 perform as dead wood employee from 2010 and retired in 2016? From 2010 to 2015 is 26% increase! Lucky; he has a mind flip in 2000 and diverted more time and effort into Investment Quadrant!...
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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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