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

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > How many income groups are there - Low, Middle-low, Middle, Middle-high, High?

Income and Jobs Discuss jobs, career options and of course salaries




Salary.sg Forums

Thread: How many income groups are there - Low, Middle-low, Middle, Middle-high, High? 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)
27-12-2011 01:52 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
wah sian i am in ultra low.

time to visit bedok reservoir
go drive taxi. can make 4k minimum.
26-12-2011 11:30 PM
Unregistered wah sian i am in ultra low.

time to visit bedok reservoir
10-11-2011 04:57 PM
Unregistered
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.
02-11-2011 03:05 PM
Hermit How about those of us with no income, or are in debt?
25-10-2011 11:19 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
6 years ago, where bracket were you in?
0. I graduated 6 years ago.
25-10-2011 01:44 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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!
Bad advice. This is the only advice successful people can give cos that's the only way they can explain their good fortune, and it keeps the askers busy for years.

The cold hard truth is: it takes hard work to be average, and lots of luck to be "successful".
25-10-2011 01:13 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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!
6 years ago, where bracket were you in?
25-10-2011 01:12 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
This may be the hard truth, only it keeps going up.
25-10-2011 11:53 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
damn i'm only in the High zone.
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!
25-10-2011 11:42 AM
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.
This thread has more than 10 replies. Click here to review the whole thread.

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 05:47 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2