Actually it is not just about much a person earns, but also his expenses. A person with high expenses due to whatever reasons (maybe medical, family or alimony obligation) could still be poor even if he is netting >$100k pa.
Also knowing how much the others are earning is a good gauge to see where you stand. So even though one can be earning a lot, but if everyone else is earning more, you could still be poor. See here as example:
The Middle Class Blues | Pew Social & Demographic Trends. And Singapore is not exactly a cheap place to live in.
The poster who said he earned $50k pa did not say how old he was, so I did a general comparison using this:
Compare Your Annual Income 2013 | Salary.sg - Your Salary in Singapore
His $50k pa is below 53% of workers (all age groups, male and female) here. It would be much worse if he was in the 45-55 age male group.
Finally I just do not know whether to laugh or feel sorry whenever I read responses like this "Don't mind the resident buffoons - they're full of hot air." Sometimes ignorance is not bliss.
Quote:
Originally Posted by Unregistered
Absolutely not. You are earning more than almost half the tax payers in Singapore. Don't mind the resident buffoons - they're full of hot air.
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