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12/04/2006

2003 Household Expenditure Survey/Census of Population Bottom 20% $302.41 average monthly income per household member Next 20% $578.45 Next 20% $877.69 Next 20% $1306.70 Top 20% $2845.87 The above figures were provided by Siew Kum Hong using some extrapolations of 2% and 4% of annual rise in income and expenditure for period 2001-03 and 3004-07. If the average income of each household member of the top 20% is $2845, what about those with an average household income per household member of $5,000 or $10,000? No such animals?

3 comments:

Anonymous said...

"If the average income of each household member of the top 20% is $2845, what about those with an average household income per household member of $5,000 or $10,000? No such animals?"

an obvious comment from someone who has never done statistics or with limited statistics knowledge

redbean said...

actually i got A for my stats101.

if the top 20% average is $2,845, then many falls below this number. it means that many of our top 20%, the so called high income singaporeans are really quite poor.

a household of 3 will have household income of less than 9k. household of two less than 6k. isn't that pathetic? a $3k monthly income becomes top 20% earner!

Anonymous said...

hmm... this shows that your A is not really an A? the law of the bell curve has not really helped your intellectual level?