Quote:
Originally Posted by Unregistered
As I told you before many forumer here doesn't know to calculate their net worth. Many are just quoting highly crap figure. Statistic shows that average Singapore net worth is only around $100K-200K figures. But a lot of forumer here quoting million dollar of net worth. It's really unbelievable fantastic. Please noted that Singapore household are highly debted as compared to another countries, this due to high house price as compared to their income.
Please see the following links
http://www.singstat.gov.sg/publicati...eet/op-e24.pdf |
i just read the pdf. from my understanding, if you include children and old people, the per capita net wealth is ~$170k, as you said. HOWEVER, the average net wealth figure is ~$610k PER HOUSEHOLD (see table 4).
and note that these numbers are more than a decade old. with inflation and high income through the years, a $1m net wealth for an average household here isn't all that surprising.
moreover, the people who brag here are most definitely not your average person, due to survivorship bias (or the hao lian factor). let's say these people are in the top quartile. then all the more, the figures of $2-4m of combined net worth is definitely plausible (i.e. no bull).
2c