The median HH income in Singapore is about $8846 pm or $106,152 pa.
Median net wealth per adult in Singapore is about US$101k or S$140k.
The couple's income is S$130k pa.
Their net wealth is S$500k per person (Total net wealth is S$1m).
They own fully paid up most expensive assets (car and property).
They should be in the mid or upper middle income group.
They are considered successful as they are debt free and have well brought up children. They also have work life balance. The most important they are a happy family.
Quote:
Originally Posted by Unregistered
What do you think of this couple's profile (52 & 50 year old)?
Combined HH (husband & wife) income = $130k pa
Savings = $30k pa
5 room HDB flat fully paid up
Car paid up
Debt free
Two well brought up children
Combined HH (husband & wife) net worth (includes HDB flat, CPF & cash) = $1 mil
Can afford to enjoy good food at nice restaurants, twice a week
Can afford to go for overseas holidays, once a year
Can afford to give parents allowance = $1400 pm
Happy family, enjoy work life balance
Considered successful or not?
When can this couple retire?
Can the experts here comment?
Thank you. |