household income

[Funz]

tamarind:

Please see my post above. I just edited.


Why is it so hard to believe that most households in Singapore earn below $10K ?

Maybe cos they themselves make more then $10K the people around them also same same.

:siam:

[tamarind]

Funz:

tamarind:

Please see my post above. I just edited.


Why is it so hard to believe that most households in Singapore earn below $10K ?

Maybe cos they themselves make more then $10K the people around them also same same.

:siam:

That's possible

[sleepy]

tamarind:

Why is it so hard to believe that most households in Singapore earn below $10K ?

For a dual income family, it is not difficult to achieve $4K - $5K each, especially if the family members have sufficient years of working experience. That's why the common perception is many families crossed the $10K mark

For a single income family, I suppose a smaller % would crossed the $10K mark

[qms]

Funz:

Maybe cos they themselves make more then $10K the people around them also same same.


:siam:

That's why I said birds of the same feathers flocked together.

[sleepy]

lovekidsverymuch:

I dont earn that much but I work in the bank and i find most ppl earning more than that very easily just in bonuses alone

Their annual package will be higher than those drawing a higher monthly salary but only get 13th month bonus

I wonder how the statistics dept calculate monthly income? Just take any non significant month or annual divide by 12 :?

[hquek]

But the stats (that showed 10% earning more than 10k) was done in 2000?? I would think that since then, there would have been a marked increase in household income on the higher side.


At some point, ST kept portraying news of FRESH grads making 8K and more immediately after graduation.

[schweppes]

hquek:

At some point, ST kept portraying news of FRESH grads making 8K and more immediately after graduation.

I suspect that this is few and far in between. Most of them will start off in the $2k - $3k range, depending on their discipline.

For those earning $8k and above, they are probably the As students who work in the banking/investment/ finance sectors. They are likely to work for US or other foreign based companies.

Suspect also that whilst pay is great, it comes at a high price. Very stressful work environment and long working hours. But for individuals who can survive the system, they will go far in their career. Otherwise, they will probably quit within 5 years due to burn out :roll:

[KSP]

The media always like to publish the highest salary and hope to make everyone think that all graduates are earning that much. It is possible for those top financial companies to pay very high but the question is how many graduates can get that kind of job? Maybe only a handful of them…


Based on the general salary survey reports, the starting pay for fresh grads in Singapore is around 2.5k-3.2k. The rate of getting higher salary is all depend on the opportunities and the companies them joined. Some may reach 20k in 10 years, some 10k and some may be 5k for the same period. It’s all depend on how "lucky" the person is.

I know of someone who worked for the same company for >10yrs and easily >10k/mth (director level) but got retrenched during the downturn. Now working in another company probably getting around 5k/mth (manager level).

[nettie]

Anyone have the latest statistic from the gov?

[KSP]

nettie:

Anyone have the latest statistic from the gov?

Do you trust statistic especially from gov? I don't really believe. I just treat them as numbers.