1 in 6 Singapore households are millionaires: Report

[peapot]

Usually Chinese people got $10 in their pocket, they will still say no money.

[JonC]

$1m is in USD.


Property you staying in not included, property you not pay up not included, property not making money not included.

Only liquid assets like cash or near cash (easily convert to cash), etc

[MummyThreeStreams]

Just coz someone doesn't tell you they are a millionaire, doesn't mean they are not! I know an old man who passed away recently. He lived frugally, dressed simply. After he passed away, we heard how he donated more than $1M to charity before he died, and left more millions in his will to be donated.


I was :yikes: :yikes: :yikes:

He was childless. Maybe I should've gone and been his god-daughter!!

But seriously, my point is many millionaires will keep quiet about their millions. You don't want to attract unnecessary attention (like people wanting to be your god-daughter)...

[tutormum]

MummyThreeStreams:

Just coz someone doesn't tell you they are a millionaire, doesn't mean they are not! I know an old man who passed away recently. He lived frugally, dressed simply. After he passed away, we heard how he donated more than $1M to charity before he died, and left more millions in his will to be donated.


I was :yikes: :yikes: :yikes:

He was childless. Maybe I should've gone and been his god-daughter!!

But seriously, my point is many millionaires will keep quiet about their millions. You don't want to attract unnecessary attention (like people wanting to be your god-daughter)...

That doesn't account to 1 in 6 being a millionaire. Maybe they take all the money and average over the whole population? :?

[Intermezzo]

MummyThreeStreams:

He was childless. Maybe I should've gone and been his god-daughter!!

But seriously, my point is many millionaires will keep quiet about their millions. You don't want to attract unnecessary attention (like people wanting to be your god-daughter)...

:rotflmao: :rotflmao: :rotflmao:

[concern2]

Intermezzo:

MummyThreeStreams:

He was childless. Maybe I should've gone and been his god-daughter!!

But seriously, my point is many millionaires will keep quiet about their millions. You don't want to attract unnecessary attention (like people wanting to be your god-daughter)...

:rotflmao: :rotflmao: :rotflmao:

:goodpost: :rotflmao:

....so.. :scratchhead: report might be true? My level got 6 units, so one of us must be millionaire.. Statistics, statistics. :clubmyself:

[wonderm]

concern2:

....so.. :scratchhead: report might be true? My level got 6 units, so one of us must be millionaire.. Statistics, statistics. :clubmyself:

Don't think the 1/6 ratio applies down to block level. While some HDB blocks have very few millionaires or none, some high end condo may have 100% millionaires living there. Same goes to different circles of friends/relatives, I suppose.

[pinky]

I only know for sure there are 26 newly minted millionaires since jan this year - those TOTO draw winners. in addition, those who won the big sweep :evil: :evil: :rotflmao:

[newuser]

tutormum:

That doesn't account to 1 in 6 being a millionaire. Maybe they take all the money and average over the whole population? :?

Statistic is wrong. Strongly feels that Computation has error.
Honestly only tangible assets to be millionaires not easy leh. Maybe I am the poor to feel the possibility of the report.

[Intermezzo]

wonderm:

concern2:

....so.. :scratchhead: report might be true? My level got 6 units, so one of us must be millionaire.. Statistics, statistics. :clubmyself:

Don't think the 1/6 ratio applies down to block level. While some HDB blocks have very few millionaires or none, some high end condo may have 100% millionaires living there. Same goes to different circles of friends/relatives, I suppose.

kekeke i think concern2 is just trying to tell us with statistics that she's a millionaire 1/6 of the time... :rotflmao:

you good lor.. my level only got 4 units.. statistics says i got no hope oredi.. :rotflmao: