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Old 10-03-2016, 12:40 PM
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Quote:
Originally Posted by Unregistered View Post
you are upper-middle...

if you are middle class, then what class do you consider those with a 300k-600k HDB with loans, small japanese car with loan, cpf+cash less than 500k? Lower class? How about those living in 3room flats and below? Peasant class? Those ARE THE MIDDLE CLASS and they constitute the majority of the population....not you guys (if you are honest with what you typed. If you consider yourself 'middle class', do you want the government to give you more tax relief and handouts?

You are basically the guy in the show, 'silicon valley', kept calling himself a 'poor peasant' for having only about $100million in asset because his group of circle consisted of only billionaires.

Financial assessment is to be done OBJECTIVELY, not SUBJECTIVELY.
Lots of argument about the term middle class. Pew research defines middle class in US as between 2/3 median HH income and 2x HH income.
Median HH income in Singapore is 104k inclusive of employer cpf contributions, OT and bonuses ...
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