The many postings I see here are consistent with the observation that singapore is flushed with liquidity. The strong property market showed little sign of abating despite the latest government measures.

People here are earning good incomes and have not many avenues to put their money except in properties and stocks.

While I am not surprised to see people in their fifties or even forties with more than 1 fully paid up private homes and cars and flushed with cash, I was really surprised by the younger ones claiming likewise. But then again, when I was in NUS recently, I saw many students driving to attend lessons, and we are talking Mercs, BMWs here and not your beat-up Japanese cars.

So who am to I say who is rich and who is not?