Quote:
Originally Posted by Unregistered
I'm a middle income earner making $60k pa. My spouse makes $55k pa. We are both 40 yo. Our shared home is a beautifully renovated 4 room flat worth $500k. We own a small old car to ferry around the family. My net worth is $400k and my spouse net worth is $350k. We are debt free.
How do we stand in the social status ranking? Anyone can comment? Thank you.
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Both your income is above the median and both your net worth is around average. So your social standing should be in the top 40%.
You will be just fine. Focus on clearing your mortgage and saving your
CPF min sum.
When you reach 65, you can retire by getting your
CPF life, renting your spare rooms and allowance from children. Don't gamble, drink or womanize.