Quote:
Originally Posted by milfmilf
looks like the latest finding regarding household income is true ...
S$5k earning should be considered poor ...  |
Depending on how many members there are in the family. If the family has only single income, then 5k is poor. If 5k for single person, then its not too bad. In schools, students will be given Financial Assistance forms every year for parents to fill in and apply, these are for the lower income group and the cut off is 5k a month. Single income family is tough in Singapore, 5k income, after minus 20% CPF, left 4k. Not easy hor. You may not like what i say, but i am sure that the latest findings on average income of Singapore household being 10.5k a month is true. Look at how well Executive Condos are selling for the past years till now. At almost a million a unit, 5k salary surely cannot afford. You will need 10k to 12k a month to purchase that and only Singaporeans can purchase EC.