Do your family earn so much????
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Average household incomes up, but rich-poor gap continues: report
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SINGAPORE: The average monthly household income from work for Singaporeans grew by 4.3 percent to $6,260 last year.
One reason for the growth was the sustained economic expansion.
But a Department of Statistics report also noted that the gap between the high and low income groups was continuing.
The report said the expanding economy and improving labour market had benefited all income groups.
Taking inflation into account, employed households enjoyed real income growth of 3.2 percent last year.
Among the lowest 10% of employed households, there was a strong pick-up even though individual wages among lower-income workers had generally remained stagnant.
This might be due to an increase in the number of working persons in the lower-income households.
Professor Chew Soon Beng, Professor of Economics at Nanyang Technological University, said: "During the recession, many household members in the low income group had quit the labour market. Now that the economy is doing very well, many of them, especially housewives, have rejoined the workforce and find gainful employment. That is good news. But I think the pay they get is relatively low."
Higher-income households saw faster income growth, reflecting higher wage increases for skilled workers.
But this was also causing the gap between the high and low income groups to continue.
Professor Chew said: "High-income executives in Singapore, their pay is determined by the pay of high-income executives in developed countries. The pay of low-income workers in Singapore is determined by the pay of similar workers in the developing countries. The Workfare is very important and also the government has to ensure the cost of living in Singapore remains affordable."
According to the Department of Statistics report, the government's policies such as the Progress Package, including the Workfare Bonus, have helped control the household income disparity. - CNA/ir -
no.
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I thought salaries for locals, be it executive or low income worker all pegged against less developed countries?
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tats the salary for FT..
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My household income only $3k ++
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yes coz there is 6 of us, and 5 is working. 4 siblings all not yet married..wait till we all move out
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of cos not.. my siblings are still studying..unless my bro graduate from university..
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Me's the only sole breadwinner of the house, with my two retired parents, my sweet wife, my Mini 1 and coming soon Mini 2...Originally posted by citymax:Average household incomes up, but rich-poor gap continues: report
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SINGAPORE: The average monthly household income from work for Singaporeans grew by 4.3 percent to $6,260 last year.
One reason for the growth was the sustained economic expansion.
But a Department of Statistics report also noted that the gap between the high and low income groups was continuing.
The report said the expanding economy and improving labour market had benefited all income groups.
Taking inflation into account, employed households enjoyed real income growth of 3.2 percent last year.
Among the lowest 10% of employed households, there was a strong pick-up even though individual wages among lower-income workers had generally remained stagnant.
This might be due to an increase in the number of working persons in the lower-income households.
Professor Chew Soon Beng, Professor of Economics at Nanyang Technological University, said: "During the recession, many household members in the low income group had quit the labour market. Now that the economy is doing very well, many of them, especially housewives, have rejoined the workforce and find gainful employment. That is good news. But I think the pay they get is relatively low."
Higher-income households saw faster income growth, reflecting higher wage increases for skilled workers.
But this was also causing the gap between the high and low income groups to continue.
Professor Chew said: "High-income executives in Singapore, their pay is determined by the pay of high-income executives in developed countries. The pay of low-income workers in Singapore is determined by the pay of similar workers in the developing countries. The Workfare is very important and also the government has to ensure the cost of living in Singapore remains affordable."
According to the Department of Statistics report, the government's policies such as the Progress Package, including the Workfare Bonus, have helped control the household income disparity. - CNA/ir -
ok la
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I noticed that it mentioned household income.
Could the Lee family be helping us to increase this average
or
are they calculating based on the total income including your grandfathers and grandmothers and your little siblings who are working at macdonalds? -
Originally posted by bigmouthjoe:
yes, they assume that from 8am to 5pm, all the HDB flats are empty, every family members are out there working.
I noticed that it mentioned household income.
Could the [b]Lee family be helping us to increase this average
or
are they calculating based on the total income including your grandfathers and grandmothers and your little siblings who are working at macdonalds?[/b]
In this idealogy, all the uncles sitting in kopitaim should be working somewhere.
all the kids dont go home after school, they are working part-time jobs.
all the wet market will have no business during day time bcos they aunties can only buy vege/meat after they finished working.
You can only see tourist in shopping centers during day time, because all local are working somewhere. -
family A household income, $2000 each month
family B household income, $6000 each month
so the average household income is $4000. they never talk about how little family A's income is and family B's income is. am i correct? -
The average monthly household income statistic is being heavily distorted by the spectacular rise in income for the top 10% of earners in the country, while income of those at the bottom have been stagnating or even dropping for the past few years. The government is just unable or unwilling to redress this rising inequality, which most probably will blow up in their faces someday soon.
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The figure given by the government is very vague..which i mean the rich in singapore is really very rich and the poor really poor.
my household income is only $4000.. $2000 away from average..which mean im belong to the poverty side..
so who belong to the poverty side???? -
The MIW loves to paint a rosy picture don't they?
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Goverment talk again.
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that is not alot.
3 working adults in a family, each earn $2.5k, easily exceed that already. -
So everyone in singapore earns 2.5 k is it?Originally posted by sggirl07:that is not alot.
3 working adults in a family, each earn $2.5k, easily exceed that already. -
my mom pay is 1.5k like that. so in short my family is 1/4 of the average income, and that means we are more or less 4 times poverty
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$2.5 is not alot.Originally posted by mhcampboy:So everyone in singapore earns 2.5 k is it?
A grad's starting pay is already 2k. -
That is because she is the sole breadwinner. wait till you all start working, things will be better.Originally posted by bladez87:my mom pay is 1.5k like that. so in short my family is 1/4 of the average income, and that means we are more or less 4 times poverty
When i was young, that happens to me. now that i grow up, my siblings grow up, financially it is so much better now. -
Yes yes...everyone is a graduate in singapore..Originally posted by sggirl07:$2.5 is not alot.
A grad's starting pay is already 2k. -
i was a poly grad too. i am earning more than that. and i am not very outstanding. alot of my friends are earning more than than. and we are just very normal people.Originally posted by mhcampboy:Yes yes...everyone is a graduate in singapore.. -
You do realise you are only speaking for yourself in general.Originally posted by sggirl07:i was a poly grad too. i am earning more than that. and i am not very outstanding. alot of my friends are earning more than than. and we are just very normal people.
Have you really seen families earning 800 per month before? Have you seen families with 2 old folks and 2 kids without any education trying very best to get a decent job...?
I have... and getting 2.5 k is definitely hard for them..... -
Yes i do see these people. i grew up with them. they are the lower income group. i do not pretend i do not see their existence. They are there. i have seen one family drawing only $800 and the wife refused to work and they are going to have th 3rd child too. And i had a neighbour who is in his 70s, his only nephew whom he took care of just got married and refused to stay with him, and he has to work as kopitiam asst, earning a meagre few hundreds a month, still have to pay rent.Originally posted by mhcampboy:You do realise you are only speaking for yourself in general.
Have you really seen families earning 800 per month before? Have you seen families with 2 old folks and 2 kids without any education trying very best to get a decent job...?
I have... and getting 2.5 k is definitely hard for them.....
But the majority of the people are not so poor. Or are you saying majority of the families belong to your said categories?