Neither.
You are in the UPPER CLASS.
Households with income of more than $8k pm are considered as upper class.
Search for the article "Peeling away Singapore's class layers".
You have achieved the Singapore Dream! Congratulations!
Quote:
Originally Posted by Unregistered
Couple in late 40s
Our HH income $167k pa
Our HH expenses $134k pa
Our HH savings $33k pa
Our expenses
Condo mortgage $14.4k pa
Food & utilities $24k pa
Car related expenses $7k pa (car paid up)
Medical insurance $20k pa
Children $12k pa
Parents $22k pa
Holidays $10k pa
Miscellaneous $24.6k pa
Total expenses $134k pa
HH net worth
Condo (home equity) $800k
Cash & CPF $600k
Total $1.4m
We are in the middle class group.
But are we in the mid middle class or upper middle class group? |