Quote:
Originally Posted by Unregistered
46, manager, $120k pa
Owns a terrace house, fully paid.
Owns two investment properties, 5% rental yield.
Net worth (me alone, excluding wife) only $1.4m.
I am an average performer by Singapore's standards.
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Think many of us are not sure how we actually fare in terms of our income with the rest of the people in Singapore. So I did a very superficial research and my half passed six result is as follows:
Tier 1 earners -- above $5M annually (eg DBS CEO,
UOB CEO,
OCBC CEO, Top Property developers etc). My guess is this group has less than 200 individuals in Singapore.
Tier 2 earners -- $1M - 5M annually (Ministers, some perm secs, CEOs & presidents of GLCs, medium business owners, top lawyers, top doctors etc) This group probably has less than 15,000 individuals
Tier 3 earners -- $500K - $1M annually (top senior civil servants, deputy presidents, deputy CEOs, etc) This group has about 30,000 individuals
Tier 4 earners -- $250K - $500K annually (regular super scale civil service officers, super scale uniform personnel, bankers, small business owners, etc) This group has about 70,000 individuals
Tier 5 earners -- $100K - $250K annually (bulk of white collar workers) This bulk has the "ants" of the economy and should number 1M individuals if not more.
Tier 6 earners -- $50K - $100K annually (young workers & blue collar workers) Another bulk of workers. Around 800K to 1M
Tier 7 earners -- $50K and below. The rest..
I suspect posters to these forums are mainly from Tier 5. Have dreams will go far