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Singapore median monthly household income last year was S$9,023

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Old 09-02-2018, 07:33 AM   #1
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Singapore median monthly household income last year was S$9,023

Among households headed by a Singapore citizen or permanent resident which had at least one working person, the median monthly income grew 2 per cent in nominal terms to S$9,023 last year, from S$8,846 in 2016.

Read more at https://www.channelnewsasia.com/news...uality-9939710
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Old 09-02-2018, 07:55 AM   #2
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Ok.
Focus more on income, or savings?

I'd say focus on savings more =)
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Old 09-02-2018, 08:31 AM   #3
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You need a minimal sum every month for expenses.
How much do you want to save is your choice.
Don’t be surprised that many high income families here are frugal ,unlike those in low end.

Smoking , drinking & cabs are usually unnecessary extra expenses

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Old 09-02-2018, 09:37 AM   #4
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You need a minimal sum every month for expenses.
How much do you want to save is your choice.
Dont be surprised that many high income families here are frugal ,unlike those in low end.

Smoking , drinking & cabs are usually unnecessary extra expenses

And you will see most of the average families in SG, traveling 1-2 times a year, spending unnecessarily money and whine about Singapore being expensive
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Old 09-02-2018, 09:38 AM   #5
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This number doesn't look realistic, is it because it includes both employee and employer contribution to cpf?
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Old 09-02-2018, 09:50 AM   #6
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And you will see most of the average families in SG, traveling 1-2 times a year, spending unnecessarily money and whine about Singapore being expensive
Unnecessary spending is dependent on individuals... definitely not a need.
see what you prioritise more in life. Sg is expensive though.
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Old 09-02-2018, 10:00 AM   #7
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This number doesn't look realistic, is it because it includes both employee and employer contribution to cpf?
Of course include employee CPF, employer CPF, bonus and OT. Average household is also more than 2 working adults, usually 2.2-2.4.
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Old 09-02-2018, 10:15 AM   #8
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And you will see most of the average families in SG, traveling 1-2 times a year, spending unnecessarily money and whine about Singapore being expensive
1-2 times travelling to nearby places makes a lot of difference compared to travelling 1-2 times to US or Europe.
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Old 09-02-2018, 10:39 AM   #9
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Repost from the less educated side of HWZ forums aka EDMW.

I will say the same thing i said last year.

Median HH income of 9023 12 = $108276k inclusive of employer CPF is dam.n LOW.

108276/1.17/14.2 = $6610.
*singstat stats that average bonus for 2017 is 2.2 months so divide by 14.2 months.

2 pax working - $3305 pm
3 pax working - $2203 pm

2 poly fresh grad kids + Father working as delivery man = median HH income
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Old 09-02-2018, 11:00 AM   #10
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1-2 times travelling to nearby places makes a lot of difference compared to travelling 1-2 times to US or Europe.
1-2 times to places like HK and Taiwan.

There are many people in other countries that doesn't even get to travel anywhere for a year and not as whiny. lol
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Old 09-02-2018, 11:02 AM   #11
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Unnecessary spending is dependent on individuals... definitely not a need.
see what you prioritise more in life. Sg is expensive though.
SG is definitely not cheap, but definitely live-able and not like many people who whine and say until they are living a pathetic life.
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Old 09-02-2018, 11:31 AM   #12
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SG is definitely not cheap, but definitely live-able and not like many people who whine and say until they are living a pathetic life.
Singaporeans generally do not live a pathetic life but definitely is expensive to live here.

I think the whining is more directed towards improvement in life, are we progressing or going backwards this past 2 decade?

People in the 60s-90s has been going forward in life, both in real income and environment etc...
People since 2000s hasn't really progress while living expenses shoot up.
That explains why they are complaining much more now.
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Old 09-02-2018, 01:13 PM   #13
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I very much agree with this. Parents in law side belong to the low income group. Yet can still eat restaurant like every two weeks (e.g. Go paragon eat high tea?!?)

My family's monthly household income is more than their yearly income. Yet we are eating food court for normal meals and normal restaurant for weekly family dinners.

Poor people remain poor because of their choices.

You need a minimal sum every month for expenses.
How much do you want to save is your choice.
Don’t be surprised that many high income families here are frugal ,unlike those in low end.

Smoking , drinking & cabs are usually unnecessary extra expenses
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Old 09-02-2018, 01:28 PM   #14
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Good insight!



Repost from the less educated side of HWZ forums aka EDMW.

I will say the same thing i said last year.

Median HH income of 9023 12 = $108276k inclusive of employer CPF is dam.n LOW.

108276/1.17/14.2 = $6610.
*singstat stats that average bonus for 2017 is 2.2 months so divide by 14.2 months.

2 pax working - $3305 pm
3 pax working - $2203 pm

2 poly fresh grad kids + Father working as delivery man = median HH income
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Old 09-02-2018, 03:00 PM   #15
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Repost from the less educated side of HWZ forums aka EDMW.

I will say the same thing i said last year.

Median HH income of 9023 × 12 = $108276k inclusive of employer CPF is dam.n LOW.

108276/1.17/14.2 = $6610.
*singstat stats that average bonus for 2017 is 2.2 months so divide by 14.2 months.

2 pax working - $3305 pm
3 pax working - $2203 pm

2 poly fresh grad kids + Father working as delivery man = median HH income
How to find average bonus?

Sent from . using GAGT
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