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25-10-2011, 10:02 AM
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Quote:
Originally Posted by Unregistered
Your numbers are too low for Singapore in this day & age. The more accurate understanding is
Very Low - earning lower than $1500 per mth
Low income - earning between $1500 to $3000
Middle-low - earning somewhat between $3000 to $7000
Middle - earning between $7000 to $14000
Middle-high - earning between $14000 to $22000
High - earning between $22000 to $40000
Very High - earning $40000 onwards
Ultra high - they don't use income... they use assets such as $100mil, etc.
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Looks quite reasonable, the only slight change I suggest is
Middle-low - earning somewhat between $3000 to $6000
Middle - earning between $6000 to $14000
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25-10-2011, 11:42 AM
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Based on most people I know, this should be more accurate.
Very Low - earning lower than $2999 per mth
Low income - earning between $3000 to $4999
Middle-low - earning somewhat between $5000 to $7999
Middle - earning between $8000 to $18999
Middle-high - earning between $19000 to $29999
High - earning between $30000 to $49999
Very High - earning $50000 onwards
Ultra high - they don't use income... they use assets such as $100mil, etc.
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25-10-2011, 11:53 AM
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Quote:
Originally Posted by Unregistered
damn i'm only in the High zone.
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C'mon guys, it took me almost 6 years of hard work since I graduated to hit "High". I worked very hard, from 8am to 9pm 5 days a week!
Work hard and the money will follow. That's my advice!
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25-10-2011, 01:12 PM
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Quote:
Originally Posted by Unregistered
Based on most people I know, this should be more accurate.
Very Low - earning lower than $2999 per mth
Low income - earning between $3000 to $4999
Middle-low - earning somewhat between $5000 to $7999
Middle - earning between $8000 to $18999
Middle-high - earning between $19000 to $29999
High - earning between $30000 to $49999
Very High - earning $50000 onwards
Ultra high - they don't use income... they use assets such as $100mil, etc.
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This may be the hard truth, only it keeps going up.
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25-10-2011, 01:13 PM
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Quote:
Originally Posted by Unregistered
C'mon guys, it took me almost 6 years of hard work since I graduated to hit "High". I worked very hard, from 8am to 9pm 5 days a week!
Work hard and the money will follow. That's my advice!
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6 years ago, where bracket were you in?
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25-10-2011, 11:19 PM
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Quote:
Originally Posted by Unregistered
6 years ago, where bracket were you in?
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0. I graduated 6 years ago.
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02-11-2011, 03:05 PM
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Millionaire Member
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Join Date: Sep 2011
Posts: 275
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How about those of us with no income, or are in debt?
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10-11-2011, 04:57 PM
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Division by population
8 tiers too many already. And at the highest end of asset above 100M, less than 100 people here in SG... not meaningful. How about looking at it as 5 groups here in SG. The poverty class, working class, middle class, middle upper classes and the elite/upper . Divide them as follows :
05 % Poverty class : Total family earning below $1200 per month. No net worth or negative net worth. need govt subsidies/welfare to make ends meet.
25 % Working class : Total family earning below $3000 per month. Little net worth or negative net worth. Ineligble for govt help. But probably get help from relatives.
50 % Middle class : Total family earning below $10000 per month. Some networth but all tied up in HDB. Would venture to say networth below $500K.
20 % Middle Upper class : Total family earning below $30000 per month. Networth btwn 500K-10M, Avg 50% of assets tied up in home.
<0.1% Elite : Total family earning above 1M per annum. Networth 10M and up. Less than 30% of assets in home. There are about 10,000 such households in SG.
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26-12-2011, 11:30 PM
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wah sian i am in ultra low.
time to visit bedok reservoir
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