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!