HWZ Forums

Login Register FAQ Mark Forums Read

2 different median income published, which is real?

Reply
 
LinkBack Thread Tools
Old 14-07-2018, 05:21 PM   #1
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 19,985
2 different median income published, which is real?

http://www.tablebuilder.singstat.gov...on?refId=15461

2699sgd per household member

http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

4232 sgd for full time employed resident.
__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-07-2018, 07:07 PM   #2
Arch-Supremacy Member
 
havetheveryfun's Avatar
 
Join Date: Jul 2010
Posts: 11,318
http://www.tablebuilder.singstat.gov...on?refId=15461

2699sgd per household member

http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

4232 sgd for full time employed resident.
household member and full time employed resident very different what..

some families the wife not working, so it makes sense
havetheveryfun is online now   Reply With Quote
Old 14-07-2018, 08:10 PM   #3
Supremacy Member
 
Join Date: Oct 2000
Posts: 6,407
household member and full time employed resident very different what..

some families the wife not working, so it makes sense

also children and grandparents.... this sort of question, if think a little bit, he can answer by himself, no need to ask.....
limster is online now   Reply With Quote
Old 14-07-2018, 08:14 PM   #4
Master Member
 
Join Date: Feb 2011
Posts: 4,667
http://www.tablebuilder.singstat.gov...on?refId=15461

2699sgd per household member

http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

4232 sgd for full time employed resident.

ocs_woodlands is online now   Reply With Quote
Old 14-07-2018, 08:58 PM   #5
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 19,985
I think the previous answer wasn’t that correct. Coz they take the average of household member that are working to do the calculation.
So what is your opinion on this?

If the first one includes part timer and contract worker, then it makes more sense.
Second one should be on full time basis.


also children and grandparents.... this sort of question, if think a little bit, he can answer by himself, no need to ask.....
__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-07-2018, 10:29 PM   #6
Senior Member
 
Join Date: Feb 2009
Posts: 1,652
They are different lah!

S$2699 is median household income (could be income from 2 or more people in the household working) / number of household members.

S$4232 is for full time employed resident is for 1 individual for "Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents".
So that means the S$4232 is = total annual pay (including employer CPF contributions) divided by 12 months, and include employer CPF contributions, all bonuses (including 13th month pay and may be 1 or 2 months extra bonus pay), and over-time pay too?

In the past, they will show gross median pay before employer CPF contributions, but now they don't show anymore. Still, you can calculate yourself to exclude CPF contributions (since these money are all lock up in CPF and can't be spent for daily expenses).

So, actual median basic monthly pay excluding employer CPF contributions will likely be = ((4232*12) / 15) / 1.17 = S$2893 p.m.!


http://www.tablebuilder.singstat.gov...on?refId=15461

2699sgd per household member

http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

4232 sgd for full time employed resident.

Last edited by ervino; 14-07-2018 at 10:31 PM..
ervino is online now   Reply With Quote
Old 14-07-2018, 10:38 PM   #7
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 19,985
So the first one take into account people that are not working as well?

So 4300 is actually a better median?

They are different lah!

S$2699 is median household income (could be income from 2 or more people in the household working) / number of household members.

S$4232 is for full time employed resident is for 1 individual for "Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents".
So that means the S$4232 is = total annual pay (including employer CPF contributions) divided by 12 months, and include employer CPF contributions, all bonuses (including 13th month pay and may be 1 or 2 months extra bonus pay), and over-time pay too?

In the past, they will show gross median pay before employer CPF contributions, but now they don't show anymore. Still, you can calculate yourself to exclude CPF contributions (since these money are all lock up in CPF and can't be spent for daily expenses).

So, actual median basic monthly pay excluding employer CPF contributions will likely be = ((4232*12) / 15) / 1.17 = S$2893 p.m.!
__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-07-2018, 11:20 PM   #8
Arch-Supremacy Member
 
havetheveryfun's Avatar
 
Join Date: Jul 2010
Posts: 11,318
So the first one take into account people that are not working as well?
I hope you are not teaching Mathematics for tuition
havetheveryfun is online now   Reply With Quote
Old 14-07-2018, 11:22 PM   #9
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 19,985
I hope you are not teaching Mathematics for tuition

You know i don't really care what people say about me.
__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-07-2018, 11:35 PM   #10
Senior Member
 
TabascoSauce's Avatar
 
Join Date: May 2017
Posts: 1,806
I think the previous answer wasn’t that correct. Coz they take the average of household member that are working to do the calculation.
So what is your opinion on this?

If the first one includes part timer and contract worker, then it makes more sense.
Second one should be on full time basis.
alr said household member liao.. ownself go add the boded part then ask y diff.

household member means anyone in a household. a 3 yo kid is a household member. a 90 yo grandma is a household member.
__________________
遲兩秒搭上地下鐵能與你碰上麼 如提前十步入電梯誰又被錯過
TabascoSauce is offline   Reply With Quote
Old 14-07-2018, 11:36 PM   #11
Arch-Supremacy Member
 
yyhwin's Avatar
 
Join Date: Jul 2006
Posts: 19,985
alr said household member liao.. ownself go add the boded part then ask y diff.

household member means anyone in a household. a 3 yo kid is a household member. a 90 yo grandma is a household member.

cannot ask for fun? i stupid can?
__________________
十余载苦功,终于日有所成,喜哉哀哉?
yyhwin is online now   Reply With Quote
Old 14-07-2018, 11:47 PM   #12
Arch-Supremacy Member
 
zuoom's Avatar
 
Join Date: Feb 2002
Posts: 21,022
Numbers sound about there.
zuoom is offline   Reply With Quote
Old 15-07-2018, 12:03 AM   #13
Arch-Supremacy Member
 
Join Date: Jun 2002
Posts: 10,885
cannot ask for fun? i stupid can?
That's why I called you silly in the other thread.

But not bad what. Can be silly but rich.
__________________
Too many stocks = market returns. You are better off buying the index.
MikeDirnt78 is offline   Reply With Quote
Old 15-07-2018, 12:04 AM   #14
Supremacy Member
 
Join Date: Mar 2004
Posts: 9,654
http://www.tablebuilder.singstat.gov...on?refId=15461

2699sgd per household member

http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

4232 sgd for full time employed resident.
I think ..... if you are comparing your own income against other individuals, look at mom. If you are comparing your household income against other households, look at stat.
henrylbh is online now   Reply With Quote
Old 15-07-2018, 12:08 AM   #15
Supremacy Member
 
Join Date: Mar 2004
Posts: 9,654
That's why I called you silly in the other thread.

But not bad what. Can be silly but rich.
If silly can be rich, who doesn't want. But no fool
henrylbh is online now   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On