Median Monthly Household Income Rises to S$10,869 in 2023, a Real Increase of 2.8%

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Median Monthly Household Income Rises to S$10,869 in 2023, a Real Increase of 2.8%

CNA02-07

SINGAPORE: Median monthly household income from work in Singapore grew to S$10,869 (US$8,092) last year, from S$10,099 in 2022, rising 2.8 per cent in real terms, after adjusting for inflation....

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FAIM Capital
·02-07
I don't trust the analysis and the outcome.
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StockMaskter
·02-07
LJ la. How's the data collected? Bottom 10 percent has car and helper? Then they don't deserve assistance from government lor.
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- Dion N:
  Earning 10k per month nowadays is actually very normal, that's the hard truth. Husband and wife earn 5k each. if you look statistically low income earners (below 5k) only make up a small part of singapore.
  02-07
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By household member, the real increase was 2 per cent per annum.While households in most deciles saw increases in their average income per household member in real terms, those in the first, ninth and 10th deciles recorded declines in 2023.Households in the first decile, or those earning the least, had their incomes drop by 1.7 per cent. 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This was higher than the S$5,859 received in the year before that, said Singstat.This was due to the additional support measures rolled out in 2023 to support households during the period of high inflation and to cushion the impact of the increase in Goods & Services Tax (GST) rate.Resident households staying in HDB 1- & 2-room flats continued to receive the most government transfers. In 2023, they received S$13,623 per household member on average, close to double the transfers received by resident households staying in HDB 3-room flats.The Gini coefficient, which is widely used to measure income inequality, fell in 2023. A Gini coefficient of 1 indicates perfect inequality, and a lower figure indicates less income inequality.The coefficient fell to 0.433 last year, from 0.437 in 2022, before government transfers and taxes. 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How's the data collected? Bottom 10 percent has car and helper? Then they don't deserve assistance from government lor.&nbsp;","listText":"LJ la. How's the data collected? Bottom 10 percent has car and helper? Then they don't deserve assistance from government lor.&nbsp;","text":"LJ la. How's the data collected? Bottom 10 percent has car and helper? Then they don't deserve assistance from government lor.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/271417273573592","repostId":2409236269,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":271420983800056,"gmtCreate":1707302682749,"gmtModify":1707303772292,"authorId":4095269946437450,"author":{"id":4095269946437450,"idStr":"4095269946437450","authorId":4095269946437450,"name":"Dion N","avatar":"https://community-static.tradeup.com/news/cc22bc90d2dd039bb8d24cba0a4d72c8","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.17","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":271417273573592,"type":1,"supId":0,"prevId":0,"content":"Earning 10k per month nowadays is actually very normal, that's the hard truth. Husband and wife earn 5k each.&nbsp; if you look statistically low income earners (below 5k) only make up a small part of singapore.","text":"Earning 10k per month nowadays is actually very normal, that's the hard truth. Husband and wife earn 5k each.&nbsp; if you look statistically low income earners (below 5k) only make up a small part of singapore.","html":"Earning 10k per month nowadays is actually very normal, that's the hard truth. Husband and wife earn 5k each.&nbsp; if you look statistically low income earners (below 5k) only make up a small part of singapore."}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}