Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth > Can your Increment beat Inflation?

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Salary.sg Forums

Thread: Can your Increment beat Inflation? Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
24-04-2008 03:37 PM
Vincent (I am newbie)---
1482

with inflation at 6.6% and nominal earnings at 6.2%, how can real growth still at so high of 4%? these days we really need to counter check the official data... *angry*
24-04-2008 03:30 PM
admin---
1481

Vincent, I took the 4% figure from the MOM Report. Does anyone know how they got the figure?
23-04-2008 11:01 PM
Vincent (I am newbie)---
1474

no matter what formula i used, still cannot get the above real earning growth of 4% leh, please advise what formula to use? i tried (1+nominal)=(1+real)x(1+inflation)
18-04-2008 04:35 PM
Vincent---
1420

[Nominal earnings grew by 6.2% in 2007. After adjusting for inflation, the real earnings growth was 4.0%.]

my understanding is; adjusted = inflation x real

not

real = nominal x inflation

please correct me if i were wrong.
08-04-2008 11:29 PM
wait and wait---
1333

By the way, assuming this person earns $2.5k to $3k a month and wife is a housewife, they are considered "low income earner" and is eligible for additional CPF housing grant of $15k when buying resale HDB.

Which means the government categorize a person earning $2.5k to $3k a month as "Needy and need government assistance".

15 years ago earn $3k ok, today is considered "poor and needy".
08-04-2008 10:34 PM
wait and wait---
1332

Yes, I think many people can survive with a $3k/mth pay. In fact those without much education or talent, $3k/mth is alot of money.

What I mean in my post is a person who spend 1/3 of his/her life studying non stop until graduated from NTU/NUS and earn only $3k a month is pathetic.
07-04-2008 08:50 PM
Howcome---
1322

If you're talking about survival, one can survive on a lot less. Did you read about a family who earns less than 1k recently? And they can still save 100 per month! Just today in the news was a family that live on a few hundreds monthly too.

I don't think the family will be able to save anymore though, thanks to the current increase in prices...

It's not only teachers too, it's the same for IT people just starting. 3k is about the norm, sometimes even less. Surely can survive but can't buy so many things anymore lah.
07-04-2008 05:50 PM
wait and wait---
1319

Dear admin,

Somehow the figures from MOM doesn't seems to be in line with real world situations. I don't doubt the accuracy though, but it may be just too vague.

I remember in the early 1990s that a MOE school teacher with a degree from NTU/NUS earns a starting pay of about $2500 to $3000. Today after > 15 years later, it is STILL about same salary.

I think $3000 a month cannot survive.
07-04-2008 12:16 AM
wait and wait---
1315

Good work admin!

So since property and stocks rose at good double digit figures and inflation and salary increment
06-04-2008 02:16 AM
Salary.sg
Can your Increment beat Inflation?

Channelnewsasia.com previously reported that "Singapore's annual inflation rate hit a 25-year high of 6.6 percent in January (2008)..." and that was according to official data from Department of Statistics (DOS).

I checked the recently released DOS figures for February 2008. The inflation rate was 6.5%. Contributing the most to the still very high figure are housing (8.8%), transport & communication (7.6%) and food (6.7%).

The price of rice is also set to rise. And rise fast, perhaps. Maybe that's why the government has repeatedly assured us that there is enough stock for all. "3 months at least," I heard a Minister of State say on TV.

The message is: we should not hoard rice, to avoid artificially inflating the price.

But the repeated assurances seem to make some people buy more rice!

ST reported that "Checks at supermarkets yesterday (i.e. April 3) showed that many people were not yet heeding the advice to stay calm and were buying more than usual." Also, check out these comments at StraitsTimes.com.

I then looked at the earnings growth reported in the Labour Market Report from MOM. Nominal earnings grew by 6.2% in 2007. After adjusting for inflation, the real earnings growth was 4.0%.

I'm not exactly sure how the adjustment works. But I hope it means that even with the highest inflation in years, we're generally still making enough to get by...

Was your salary increment sufficient to overcome inflation?

http://www.salary.sg/2008/can-your-i...eat-inflation/

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT +8. The time now is 01:57 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2