seletar
05-03-13, 12:57
Video on the Wealth Inequality In America http://www.youtube.com/watch?v=QPKKQnijnsM&feature=youtu.be
Singapore's wealth disparity should be very similiar to USA, maybe worse.
According to Singstats's key household income trends 2012 http://www.singstat.gov.sg/pubn/papers/people/pp-s19.pdf, Singapore's Gini cofficient is a very high 0.478 (before taxes and govt transfers), higher than China's 0.474. USA's Gini Coefficient in 2011 is 0.475 (before taxes and govt transfers). According to a UN report in 2009, Singapore has the 2nd highest income inequality in the world behind Hong Kong and ahead of USA http://finance.yahoo.com/banking-budgeting/article/107980/countries-with-the-biggest-gaps-between-rich-and-poor
The 2012 median monthly income of a Singaporean is $1,900 (excluding employer CPF contribution) and S$2,127 (including employer CPF contribution).
Strange that I cannot find data on the average monthly income or annual income of a Singaporean in the percentiles range in the Singstat document. The best that I can find is the average household income per household member.
The 2012 average monthly household income per household member (excluding employer CPF contribution)
The bottom 10% percentile = S$410
The 11%-20% percentile = S$780
The 21%-30% percentile = S$1,080
The 31%-40% percentile = S$1,386
The 41%-50% percentile = S$1,715
The 51%-60% percentile = S$2,111
The 61%-70% percentile = S$2,598
The 71%-80% percentile = S$3,308
The 81%-90% percentile = S$4,563
The top 10% percentile = S$10,962
The 2012 average monthly household income of a Singaporean (including employer CPF contribution)
The bottom 10% percentile = S$440
The 11%-20% percentile = S$856
The 21%-30% percentile = S$1,200
The 31%-40% percentile = S$1,547
The 41%-50% percentile = S$1,917
The 51%-60% percentile = S$2,355
The 61%-70% percentile = S$2,893
The 71%-80% percentile = S$3,658
The 81%-90% percentile = S$5,004
The top 10% percentile = S$11,552
Can't find any data for the average monthly or annual income of the top 1% of Singaporeans in the Singstat document. But from the above income stats, it looks like Singapore's wealth inequality should be very similar to the video on America's wealth inequality.
Singapore's wealth disparity should be very similiar to USA, maybe worse.
According to Singstats's key household income trends 2012 http://www.singstat.gov.sg/pubn/papers/people/pp-s19.pdf, Singapore's Gini cofficient is a very high 0.478 (before taxes and govt transfers), higher than China's 0.474. USA's Gini Coefficient in 2011 is 0.475 (before taxes and govt transfers). According to a UN report in 2009, Singapore has the 2nd highest income inequality in the world behind Hong Kong and ahead of USA http://finance.yahoo.com/banking-budgeting/article/107980/countries-with-the-biggest-gaps-between-rich-and-poor
The 2012 median monthly income of a Singaporean is $1,900 (excluding employer CPF contribution) and S$2,127 (including employer CPF contribution).
Strange that I cannot find data on the average monthly income or annual income of a Singaporean in the percentiles range in the Singstat document. The best that I can find is the average household income per household member.
The 2012 average monthly household income per household member (excluding employer CPF contribution)
The bottom 10% percentile = S$410
The 11%-20% percentile = S$780
The 21%-30% percentile = S$1,080
The 31%-40% percentile = S$1,386
The 41%-50% percentile = S$1,715
The 51%-60% percentile = S$2,111
The 61%-70% percentile = S$2,598
The 71%-80% percentile = S$3,308
The 81%-90% percentile = S$4,563
The top 10% percentile = S$10,962
The 2012 average monthly household income of a Singaporean (including employer CPF contribution)
The bottom 10% percentile = S$440
The 11%-20% percentile = S$856
The 21%-30% percentile = S$1,200
The 31%-40% percentile = S$1,547
The 41%-50% percentile = S$1,917
The 51%-60% percentile = S$2,355
The 61%-70% percentile = S$2,893
The 71%-80% percentile = S$3,658
The 81%-90% percentile = S$5,004
The top 10% percentile = S$11,552
Can't find any data for the average monthly or annual income of the top 1% of Singaporeans in the Singstat document. But from the above income stats, it looks like Singapore's wealth inequality should be very similar to the video on America's wealth inequality.