1 in 6 Singapore households are millionaires: Report

[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:

[WeiHan]

This report is probably true.


However, the figure includes new immigrants and PRs. Many of these come from financially troubled western nations to prevent their wealth from being taxed by their governments. As you may know, the root cause of western financial crisis is over spending through unsustainable public debt for social programs.

Example of these riches that have migrated to singapore recently are co founder of facebook etc…

[DebDerris]

haha, this is insane!


really that high? i seriously dont think so! so many people around… maybe they are taking into consideration only families and not individuals… so children who are 21-25 and still working independently also classed in millionaire category.

[kooky83]

haha i knew singaporeans are rich. all secretly got money but appear no money. but the figure is really high!

[hquek]

WeiHan:

This report is probably true.


However, the figure includes new immigrants and PRs. Many of these come from financially troubled western nations to prevent their wealth from being taxed by their governments. As you may know, the root cause of western financial crisis is over spending through unsustainable public debt for social programs.

Example of these riches that have migrated to singapore recently are co founder of facebook etc....

From the way coe high even though most of us agree it is crazy price...yes, a lot of hidden wealth.

That fb guy...I think he cover for a lot of SG already

[LOLMum]

hquek:

WeiHan:

This report is probably true.


However, the figure includes new immigrants and PRs. Many of these come from financially troubled western nations to prevent their wealth from being taxed by their governments. As you may know, the root cause of western financial crisis is over spending through unsustainable public debt for social programs.

Example of these riches that have migrated to singapore recently are co founder of facebook etc....

From the way coe high even though most of us agree it is crazy price...yes, a lot of hidden wealth.

That fb guy...I think he cover for a lot of SG already

Oh boy, with that kind of money..