Unltd 5th Gear July 25, 2022 Share July 25, 2022 https://www.straitstimes.com/business/highest-income-groups-most-impacted-by-rise-in-consumer-prices-in-first-half-of-2022 well….. if you are poor (hand to mouth) and you have only $10 to spend, and no matter how prices increase you still can only spend that $10, then it will be very difficult to affect your spending…. You can’t spend any more than $10. 😂 ↡ Advertisement 1 1 5 Link to post Share on other sites More sharing options...
Fitvip Supersonic July 25, 2022 Share July 25, 2022 Just like the one who advocates pumping the same value of petrol to counter pump price increases. 9 Link to post Share on other sites More sharing options...
Arogab Turbocharged July 25, 2022 Share July 25, 2022 This is a bogus report lah, inflation only make things for the poor harder and harder to achieve. Not achieving them so not affected lor. True but not true, inflation means it’s across the board lah, you don’t spend on it does not mean it does not inflates 7 Link to post Share on other sites More sharing options...
Ct3833 Supersonic July 25, 2022 Share July 25, 2022 The title of the article is correct >>>> Inflation rose the most for high-income groups in first half of 2022. <<<<<but that does not mean the high income people get worst impacted. Just take the highest income for example, they may experience a 6% increase in consumer spending, but dont forget they have many more 6% spare cash to spend, vs the lower income people especially the hand to mount, when price increased by 5%, they dont have 5% more of their take home to spare. And to many, it means lesser saving or no saving. 9 Link to post Share on other sites More sharing options...
Ahwhye 5th Gear July 25, 2022 Share July 25, 2022 wow.... these rich men are so poor things, most impacted leh, how about giving some gst vouchers or whatever rebates to them? 2 7 Link to post Share on other sites More sharing options...
Stary Supercharged July 25, 2022 Share July 25, 2022 (edited) 1 hour ago, Unltd said: https://www.straitstimes.com/business/highest-income-groups-most-impacted-by-rise-in-consumer-prices-in-first-half-of-2022 well….. if you are poor (hand to mouth) and you have only $10 to spend, and no matter how prices increase you still can only spend that $10, then it will be very difficult to affect your spending…. You can’t spend any more than $10. 😂 The highest income groups got most impacted by inflation, really? Then how come COE prices didn't come down since only the highest income groups buy new cars ? Edited July 25, 2022 by Starry Link to post Share on other sites More sharing options...
macrosszero Turbocharged July 25, 2022 Share July 25, 2022 Rich most impacted. Boo Hoo. Let me play a tiny violin for you. Honestly even if the rich are “most impacted” I doubt they are suffering, and it’s just MSM trying to spin a story to the masses to assuage feelings of wealth inequality here. 5 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 25, 2022 Share July 25, 2022 Very hard life for the marginal ones like us….😰😓🥹 1 Link to post Share on other sites More sharing options...
zipping Supersonic July 25, 2022 Share July 25, 2022 1 Link to post Share on other sites More sharing options...
Carbon82 Moderator July 25, 2022 Share July 25, 2022 I detest this kind of propaganda. This is because cars, petrol and other transport services, which have become significantly more expensive this year, had a larger impact on the spending of this group of top earners, compared to the other income groups. Transport cost accounted for how many % of these rich people's spending? Yes, they pay more for car purchase and fuel, BUT it affects each and everyone of us down the value chain. To the middle class who took taxi and PHV, didn't their transport cost increase in tandem? And not forgetting the real poor (bottom 20%), even a few cents increase in bus and MRT fare (per trip) is like a bullock cart wheel to them, no pun intended. To the rich, if they cannot afford a RR or Bentley, they can downgrade to say a Maybach, Mercedes or BMW. To the poor, what else can they downgrade to? Walking, cycling?! To those who think that I am exaggerating, you have not seen the real poor. When I am doing voluntary work during pre-COVID days, I have came across households living in a totally bare HDB flat, i.e. no cabinet, no dinning table, no chair, or even proper pots and pans for basic cooking needs. The whole household (young and elderly) sleep on hard cement floor (no floor tiles or PVC sheet) without any fan, and the lighting? A 10W - 13W light bulb for the entire living room! This is the group of people that take the hardest hit from inflation. Food price increase, MSM will attribute to global food shortage, rising feed price, utilities cost, Russia Ukraine war, etc. but what about transport cost? Ask those in delivery business if anyone have not increase delivery charges levied on the same order over the past 1 year... Hello, cotton wool come from sheep deh. 21 Link to post Share on other sites More sharing options...
Chongster 6th Gear July 25, 2022 Share July 25, 2022 I am finding myself priced out of many things. the "buay eh kee but buay beh loh" conundrum. someone coin the word HENRYs - High Earners Not Rich Yet to describe people like me, and i think we is finding it sibeh siong in this environment. Link to post Share on other sites More sharing options...
Vratenza Supersonic July 25, 2022 Share July 25, 2022 Makes as much sense as GST is to help the poor.... Must give it to them that at least the warped logic is consistant. 😕 Link to post Share on other sites More sharing options...
1fast1 Supersonic July 25, 2022 Share July 25, 2022 What I find most shocking is that people even read The Propaganda Times anymore. 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic July 25, 2022 Share July 25, 2022 Actually the article Is not as biased as what u all making a fuss about lah. But the choice of headline is just clickbaity. 3 Link to post Share on other sites More sharing options...
Vegas Turbocharged July 25, 2022 Share July 25, 2022 12 minutes ago, Chongster said: I am finding myself priced out of many things. the "buay eh kee but buay beh loh" conundrum. someone coin the word HENRYs - High Earners Not Rich Yet to describe people like me, and i think we is finding it sibeh siong in this environment. high earner leh... unless old gen $, u gd life oreadi Link to post Share on other sites More sharing options...
Ct3833 Supersonic July 25, 2022 Share July 25, 2022 (edited) 44 minutes ago, Chongster said: I am finding myself priced out of many things. the "buay eh kee but buay beh loh" conundrum. someone coin the word HENRYs - High Earners Not Rich Yet to describe people like me, and i think we is finding it sibeh siong in this environment. 你是买得起，不过买不下。我不一样，我是买不起。😂 Edited July 25, 2022 by Ct3833 1 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 25, 2022 Share July 25, 2022 (edited) 1 hour ago, Chongster said: I am finding myself priced out of many things. the "buay eh kee but buay beh loh" conundrum. someone coin the word HENRYs - High Earners Not Rich Yet to describe people like me, and i think we is finding it sibeh siong in this environment. I also buay beh loh. But i definitely dont consider myself a high earner. Over the weekend, looked at a Harley Davidson, cheaper than the timepiece on my wrist but buay beh loh…..hai….. But then, think about it, its good lah, dont anyhow spend. Manage a bit rather than let it go out of hand. maybe next time when i re-retire, i sell my car, then i get a bike to move around and enjoy the ride. Edited July 25, 2022 by Throttle2 1 Link to post Share on other sites More sharing options...
Wind30 Turbocharged July 25, 2022 Share July 25, 2022 (edited) 7 hours ago, Lala81 said: Actually the article Is not as biased as what u all making a fuss about lah. But the choice of headline is just clickbaity. They fixed it. now it is ‘Inflation rose the most for high-income group in first half of 2022’ the original title is really stupid though Edited July 25, 2022 by Wind30 ↡ Advertisement 1 1 Link to post Share on other sites More sharing options...
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