Real income of citizens rose 1%

[phantom_opera]

Real incomes of Singaporeans working in full-time jobs rose 1 per cent this year, Acting Manpower Minister Tan Chuan-Jin revealed in a blog post this afternoon.
These are preliminary figures and include employer Central Provident Fund (CPF) contributions.
In 2011, real incomes of citizens grew 1 per cent as well while nominal incomes rose 6.3 per cent.

=> brilliant ... we have real growth of 1% per year .. but he forgot to include loss incurred in CPF OA and bank accounts per citizen after factoring in high inflation

=> so overall ... huge loss ...for those who does not hedge inflation risk :banghead:

same like US middle class ... loss

http://advisorperspectives.com/dshort/charts/census/household-incomes-mean-real.gif

[cnud]

Real incomes of Singaporeans working in full-time jobs rose 1 per cent this year, Acting Manpower Minister Tan Chuan-Jin revealed in a blog post this afternoon.
These are preliminary figures and include employer Central Provident Fund (CPF) contributions.
In 2011, real incomes of citizens grew 1 per cent as well while nominal incomes rose 6.3 per cent.

=> brilliant ... we have real growth of 1% per year .. but he forgot to include loss incurred in CPF OA and bank accounts per citizen after factoring in high inflation

=> so overall ... huge loss ...for those who does not hedge inflation risk :banghead:

same like US middle class ... loss

http://advisorperspectives.com/dshort/charts/census/household-incomes-mean-real.gif

Bro, now the greatest challenge is to rage wages. Productivity is the shell.

[ikan bilis]

why are bottom 2 lines so flat for past 45yrs ??... that's 40% of population... :(

and unfortunately, i'm with the orange line.... :banghead:

[phantom_opera]

why are bottom 2 lines so flat for past 45yrs ??... that's 40% of population... :(

and unfortunately, i'm with the orange line.... :banghead:

brother ... you must count your rental income + paper gain on your existing spare properties lah ... then you should fit into blue one hopefully (i.e. top 20%)

[ikan bilis]

brother ... you must count your rental income + paper gain on your existing spare properties lah ... then you should fit into blue one hopefully (i.e. top 20%)

cannot hit blue line also... purple line only,...
but at least purple line makes me feel much better,... +20% for last 45yrs... ;)

[phantom_opera]

cannot hit blue line also... purple line only,...
but at least purple line makes me feel much better,... +20% for last 45yrs... ;)

wow ... that is <0.5% growth per year? :p

[focus]

why are bottom 2 lines so flat for past 45yrs ??... that's 40% of population... :(

and unfortunately, i'm with the orange line.... :banghead:

Pretty sad from the graph ..
It's very clear the RICH-POOR(Include middle class) divide is widening.

Only the Top Quartile and Top 5% are moving in a slope up..
The rest of the quartiles are actually flatlines.. lol..

[Allthepies]

Pretty sad from the graph ..
It's very clear the RICH-POOR(Include middle class) divide is widening.

Only the Top Quartile and Top 5% are moving in a slope up..
The rest of the quartiles are actually flatlines.. lol..

it is definitely better than all lines sloping down

[hyenergix]

it is definitely better than all lines sloping down

Inflation is actually higher on the ground than official figure, particularly if you buy a house or car. Those in 2nd Quintile and below will feel the effects of inflation more strongly. So in reality they are trending now in terms of purchasing power.

[sh]

This is only for full time employed people, there are plenty of rich or not rich retirees that are not covered here. How will these change the chart?:beats-me-man:

[phantom_opera]

This is only for full time employed people, there are plenty of rich or not rich retirees that are not covered here. How will these change the chart?:beats-me-man:

no point asking it if we are still not within the top quintile (20%)

in SG, it means family income $168k per year (it can come from investment, salary, rental, dividend, business, vices etc), save / invest wisely you can beat inflation just like those top 20% in the chart