3 most costly expenditure of Singaporeans
The 3 most expensive items that Singaporeans have to throw their money at are property, car and hospitalisation. A simple flat is likely to cost an average Singaporean $1m by the time he pays up his mortgage. The cars which he would have to purchase in his lifetime would range from $300k to more than a $1m, to an average Singaporean. The rich would spend more than $1m for a car, let alone several million dollar cars in the backyard. Then, given the fact that a Singaporean will live past 80 or 90, the luck of spend a month in hospital could cost him another few hundred thousand. Add another $500k to raise a child through university, geeze, that's quite a lot of money to pay in one's lifetime. But Singaporeans are rich, so not a problem paying for them. Time to celebrate National Day for the good life and able to pay for it.