poor singaporeans getting poorer
Poor Singaporeans getting poorer. The latest General Household Survey shows that the lower 20% household income dropped by 20% to $1,180. And the 30 percentile dropped by 5% to $2,190. Here we are talking about a household's income, the income of two breadwinners. And ironicall the top 10% household income gone up by 14.8% or $16,480. But the survey did not show the top 3% household income. This is very likely to be from $1 mil to $2 mil for a year or probably a 100% rise. Just extrapolating on the incomes of individuals which went up by $1 mil to $2 each. And if the household has two super income earner, the net increase could be $3 mil or $4 mil. But all these are natural, unavoidable and expected as the supertalents must be paid highly or else they will be poached by other MNCs and will be a lost to the country. We cannot affford to lose our CEOs in SIA, NOL, Singtel, PSA etc etc and all the banks to foreign companies.