You have done very well. About 82% of the population live in public housing. This means most of the people in your age group would be staying in public housing. Since you own and live in a condo, you are among the lucky few who live in private housing. Your net worth is also much higher than the average wealth. You are also lucky to own a car. You have achieved the Singapore dream of owning a condo and a car. Congratulations!
Quote:
Originally Posted by Unregistered
Late 40s, married couple, living in a private condominium, paying a mortgage of $1200 pm. Earning a total income of $208k pa. Mortgage service ratio (MSR) of only 7%. Financially very prudent.
Supporting old parents on both sides ($1400 pm) as well as own children. Spends quite a lot on family insurance too ($1600 pm). Also reward ourselves with year end overseas holidays. Owns a good car too.
Enjoying an upper middle class lifestyle. We are happy to spend on our parents and children so that they can enjoy a good life.
Our total net worth $1.48m, including condo (home equity), cash, stocks and CPF.
How are we doing when compared with our peers of the same age group? |