Dear readers, it was announced today that the Singapore Median Household income was $9,520 in year 2021 which was up 3.6% in nominal terms, or before adjusting for inflation, from $9,189 in year 2020. The increase was 1.5% in real terms after taking into account inflation.
To me, this median household income though seems high but was not surprising to me since it was reported just last month that the median income of full-time degree holders in year 2021 was $7,351. Hence it seems to me that figures of salaries and hence household income seems to be rising.
And what seems or are rising are cost of living and projected GST increase. To mitigate effect of rising cost of living, we should continue to reduce on unnecessary expenditures and focus on health and a simple and spiritually rich lifestyle.
- Why Your CPF May Be Your Best Investment: Lessons from Chris Tan on Building Wealth the Smart Way
- Maybank Trims 2026 STI Target to 5,500 as Earnings Outlook Softens Amid Global Uncertainty
- How the Johor Singapore Economic Zone Could Transform Singapore’s Stock Market?
- Temasek Investment Strategy: AI, Infrastructure and Private Credit Drive Record S$518 Billion Portfolio
- RedDoorz IPO: Targets 2027 SGX Listing