Is this evidence 89% of Singaporeans earn less than $7,692 a month?

[kitsura]

There may be a lot living on undeclared generational wealth.

Declare what? SG no capital gains, inheritance or any form of wealth tax. That’s why all the billionaires move here to enjoy the tax breaks and infrastructure.

 

[Eliwood]

It's not really like that though, not everyone can, is able to or should do those industries. Can't be everyone's job is to shuffle money or code in SG. We need food, nursing, tour operators, catering etc.

Pay is generally correlated to value add.

If choose to pursue a less value adding industry, then it is only logical that pay will be lower.

If it is a conscious choice then the trade offs are known upfront.

 

[starry_starry_night]

Ge over liao, mai kpkb

 

[MoeLanYong]

I didn't read the article. How they count one?

@MoeLanYong does it count people who make from investments?

Just salary alone. No investments.

 

[Spirax]

Thought 30% sinkies are not working yet, either housewife, student or jobless

 

[cyke69sg]

Just salary alone. No investments.

So maybe there are a lot of SGreans who don't earn salaries?

 

[MoeLanYong]

So maybe there are a lot of SGreans who don't earn salaries?

To me, my deduction is most are in debt, living more lavish styles than what they earn?

 

[SayPorkGuy]

this is in line with 8 in 10 sinkiepolang are low ses hdb dwellers what.

 

[bombshell]

Edmw earn 20k/mth, why do we care.

 

[SayPorkGuy]

They shd have done more research when they started working...

Fail to plan, plan to fail.

imma agree. even lhl cry abt 20/20 hindsight.

 

[cyke69sg]

To me, my deduction is most are in debt, living more lavish styles than what they earn?

But debt has nothing to do with 100k p.a for top 11% calculations.
So you saying that the SGreans are not actually rich but spend more using debt eg credit card car loans etc?

 

[Eliwood]

imma agree. even lhl cry abt 20/20 hindsight.

Ya so those who nv plan just have to suffer the consequences.

 

[MoeLanYong]

But debt has nothing to do with 100k p.a for top 11% calculations.
So you saying that the SGreans are not actually rich but spend more using debt eg credit card car loans etc?

Yes to both.

 

[cyke69sg]

Yes to both.

Somehow I don't think so. My friends and relatives all earning very high salaries and are quite frugal also.

 

[deekjor]

is this after factoring in bonus + employer cpf contribution like our govt likes to do to show bigger numbers?

 

[Kuudere]

But debt has nothing to do with 100k p.a for top 11% calculations.
So you saying that the SGreans are not actually rich but spend more using debt eg credit card car loans etc?

actually i wouldn't be surprised that most in sg don't make a lot off their work income, but if you factor in investments and rent, then will be earning a lot more.

Could get $700 - $1k/month off renting a room out, save a lot and invest most of the savings earn another 1k/month.

Just need a job that pays 5.5k (including bonus), if the job pays 4.5k + (3 months bonus), including rent + investment, then will hit that amount liao

Some people are also likely to rely on family money for rent/investments, even with low paying job, are able to earn more in comparison.

 

[cyke69sg]

actually i wouldn't be surprised that most in sg don't make a lot off their work income, but if you factor in investments and rent, then will be earning a lot more.

Could get $700 - $1k/month off renting a room out, save a lot and invest most of the savings earn another 1k/month.

Just need a job that pays 5.5k (including bonus), if the job pays 4.5k + (3 months bonus), including rent + investment, then will hit that amount liao

Some people are also likely to rely on family money for rent/investments, even with low paying job, are able to earn more in comparison.

This is the future of SG.
Govt got no income tax to collect anymore. Only GST.

 

[1982-1994]

In the 80s. one income in a household can support whole family and can even get a car. In the 90s, need two incomes liao and may still afford a car. In the 2000s, two incomes but tough to maintain a car. So salary cannot cope with the cost of living in Sinkapore, majority of the sinkies are struggling with COL...

Sounds like one income of the whites can support many many families and still can even get a car or two
The rich only gets richer

 

[Brionic]

2.4m Singaporeans earn less than $100k
https://www.channelnewsasia.com/sin...-living-assurance-package-budget-2024-4543251

2.7m eligible voters in Sg
https://www.straitstimes.com/singap...available-for-public-inspection-from-march-25

So only 300,000 Singaporeans earn above $100,000. This is 11%

To earn $100,000 a year, one needs to earn $7,692 a month, assuming most jods have a 13th month bonus component.

So 89% of Singaporeans earn below $7,692 a month?

that's around managerial pay scale, you think sinkies all managers?

 

[cyke69sg]

that's around managerial pay scale, you think sinkies all managers?

$8k a month is considered good in SG? Really?