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Old 01-03-2015, 05:30 PM
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Originally Posted by Unregistered View Post
43 & 45, middle class family, total household income $170k pa.
Home is a condo now worth $1.5m, paid up.
We own a car worth $80k, paid up.
Other assets (CPF funds + stocks + cash), $800k.
Total net worth, $2.38m.
You're not a middle class family but in the top 5% of Singaporean families. Why? Because you own a fully paid condo, a fully paid car and your combined net worth is more than $2m. That puts you on the top 5%.
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