Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖
Singapore Has 244,000 Millionaires. Why Does Almost No One Feel Rich? 🦖
🔍 The Angle
Singapore now has about 244,000 US dollar millionaires and an average adult wealth of roughly US$527,000, yet almost nobody I talk to actually feels rich. When I pulled the report apart, the real story was how much of that “millionaire” status is trapped inside a home you live in and CPF you cannot touch. The headline sounds like prosperity, the balance sheet feels like pressure.
💰 What It Means For You
If most of your net worth sits in a fully lived‑in flat and CPF that is still years from drawdown, your day‑to‑day income risk has very little to do with whether Singapore has 244,000 millionaires or 2 million. The real test is how much of your number today is liquid and paying you, versus locked and only useful if you sell, downgrade, or wait. That is why I keep coming back to the same homework, take your own balance sheet and split it cleanly into “spendable now” and “locked for later,” then plan your CPF and SRS moves from that, not from any National Day wealth statistic.
📺 YouTube: https://youtu.be/yVz_7aevk30
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