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Topic Review (Newest First)
01-12-2008 01:03 AM
broadmind--
3495

Thanks, and same to you. But I also think that although saving is a good habit, it will only get one so far. Most people really only become wealthy with by taking advantage of business or investment opportunities. For example, many investors realised capital gains of several hundred thousand dollars from the property boom last year. The current financial crisis also presents good investment opportunities to multiply one's capital given a time-frame of at least 5 years.
30-11-2008 10:35 PM
5m10y--
3494

Good for you, same here.
30-11-2008 03:48 PM
broadmind--
3488

Most of my peers are good savers. I save around 50% of my income
29-11-2008 07:56 AM
5m10y--
3469

Do you think most Singaporeans have super saving habits? Quite a number of my friends actually live paycheck to paycheck leh. How about yours?
29-11-2008 12:40 AM
broadmind--
3462

700K per household looks pretty high, probably skewed by the ultra wealthy. nonetheless, it does go to show how wealthy singaporeans are as a whole, due to super saving habits and rapid economic progress
24-11-2008 09:10 PM
5m10y--
3429

100% agree with Charles. With "average", 1 person with a net worth of 100 million can bring the average up even though the overwhelming majority earn way less than the resulting average.

What we're looking for is median, correct.
24-11-2008 01:54 PM
Charles--
3426

The *average* has no meaning whatsoever.
What matters is *median*.
24-11-2008 12:26 PM
SGDividends--
3424

Does it include Permanent Residents? Anyway Shares and Securities are not accurate. It could be more as singaporeans buy US shares and these US shares are not custodised with CDP(SGX) but in US custodians.

Singaporeans are either filthy rich or super savers...!
24-11-2008 10:12 AM
adiemuso--
3423

over 50% of Singaporeans earn less than $3000 per month..minus the daily and monthly neccessities and expenses..at best u are left with $500.

anyway the figures are wrongly skewed...but it does highlight one important fact..the income disparity or wealth distribution is badly skewed here in SG....
24-11-2008 09:57 AM
low-paid--
3422

How many peopl actually have a net wealth of 300k?

Way over skwewed
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