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https://www.straitstimes.com/singapore/household-incomes-rose-in-2022-income-inequality-fell SINGAPORE – Median household income grew in 2022 and income inequality fell when compared with 2021, figures released by the Singapore Department of Statistics (SingStat) on Thursday showed. Among resident employed households, monthly household income from work grew by 6.1 per cent in nominal terms, or before adjusting for inflation, from $9,520 in 2021 to $10,099 in 2022. Median monthly household income from work rose 0.2 per cent in real terms, or after adjusting for inflation, in 2022. Household income from work includes employer Central Provident Fund (CPF) contributions. From 2017 to 2022, median monthly household income from work of resident employed households increased 2.9 per cent cumulatively, or 0.6 per cent per annum in real terms. Such households have at least one employed person, and the household reference person – previously referred to as the head of household – is a Singapore citizen or permanent resident. Taking into account household size, median monthly household income from work per household member rose from $3,027 in 2021 to $3,287 in 2022, an increase of 8.6 per cent in nominal terms, or 2.6 per cent after adjusting for inflation. From 2017 to 2022, median monthly household income per household member grew by 11.9 per cent cumulatively, or 2.3 per cent per annum in real terms. Rise in income for all but top earners Households across most income deciles saw increases in average household income from work per household member after adjusting for inflation. In 2022, the average household income from work per household member of resident employed households in all income groups rose in nominal terms, with the increases ranging from 5.3 per cent to 15.6 per cent. After adjusting for inflation, households in the first nine deciles saw real income growth of 1.1 per cent to 10.1 per cent, while those in the top decile saw a real income decline of 1.3 per cent. Between 2017 and 2022, the average household income from work per household member of resident employed households in the first nine deciles rose 1.5 per cent to 3.0 per cent per annum in real terms, while that in the top decile recorded a decline of 0.4 per cent per annum in real terms. The decline experienced by the top decile was because of a larger increase in household size from 2.26 in 2021 to 2.34 in 2022, compared with households in the other deciles. This, coupled with higher inflation experienced in 2022, contributed to the decline in their real household income in 2022. More money distributed through government schemes Resident households, including households with no employed person, received $5,765 per household member, on average, from government schemes in 2022. This was higher than the $5,257 received in 2021, due to the one-off and transitionary measures in 2022, as well as enhanced schemes, to cushion the impact of the goods and services tax (GST) rate increase and higher inflation on cost of living, said SingStat. Resident households living in one- and two-room Housing Board flats continued to receive the most money from the Government. In 2022, they received $12,189 per household member, on average, from government schemes, close to double the amount received by resident households living in HDB three-room flats. The Gini coefficient based on household income from work per household member – before government transfers and taxes – fell to 0.437 in 2022, from 0.444 in 2021. The Gini coefficient is a measure of income inequality. A Gini coefficient of zero occurs when there is total income equality, and a coefficient of one means there is total inequality. After adjusting for government transfers and taxes, the Gini coefficient in 2022 fell from 0.437 to 0.378. “This reflected the redistributive effect of government transfers and taxes,” said SingStat. Nonetheless, this is still slightly higher than the Gini coefficient of 0.375 in 2020, which was the lowest on record. The report, Key Household Income Trends, 2022, is available on SingStat’s website.
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For those of us who are the older folks....Author of the book which was made into one of the most intriguing movies I have watched. ..starring Sean Connery...great medieval detective story as well as a great introduction to the science of semiotics RIP Umberto Eco.... Report from Straits Times... http://www.straitstimes.com/lifestyle/italian-writer-umberto-eco-dies-aged-84-italian-media
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24Hrs City Florist 24Hrs City Florist is the only florist in Singapore that operates every day throughout the year, even on Sundays and public holidays. The location of 24Hrs City Florist on Lavender Street also means that customers can drive by the store with their orders hand-delivered via its unique ‘Drive-By’ service. Established in 2004, 24Hrs City Florist is a Singapore-based international florist providing flower delivery anywhere in Singapore and around the world. Over the years, 24Hrs City Florist has been increasing its variety of products and services to our better serve its customers, allowing the florist to receive many praises for its wide variety of fresh floral designs, creative gift ideas, good customer service and its coveted 24-hour reliable delivery service. 24Hrs City Florist was presented the top 10 Online Performance Award between 2009 & 2010 from Hitwise, a global online competitive intelligence service and have been awarded with the Singapore Quality Brand award 2013. A good way to express your heart and soul to a loved one is through a bouquet of flowers The intrinsic, exquisite beauty and fragrance of flowers trigger happiness and heighten feelings of satisfaction, which are difficult to convey in words and other gifts. Constantly infusing fresh ideas into its floral designs, 24Hrs City Florist gives its customers an experience reflecting the sense of care, good taste and thoughtfulness. 24Hrs City Florist provides fresh floral gifts for any occasion including birthdays, anniversaries, graduations, grand openings, wreaths and many more. Floral and gift hampers for special events such as Valentine’s Day, Chinese New Year, Mother’s Day, Hari Raya, Deepavali and Christmas are also available. If there is a need for something extra special, 24Hrs City Florist also offers hand-designed and uniquely crafted character flower arrangements such as Hello Kitty bouquets, Smiley bouquets, Angry Bird bouquets, etc. More importantly, 24Hrs City Florist has a team of professionally trained florists to ensure that flowers are arranged with the highest standards and appeal. The physical shop is open from 9:00am to 6:00am every day. Flower delivery service operates 24 hours a day and there is also same-day delivery for orders as late as 8:00pm. 24Hrs City Florist is located at 161 Lavender Street #01-05 Singapore 338750. For more information, please call 6396 4222 or visit http://www.24hrscityflorist.com.
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http://www.channelnewsasia.com/news/singapore/wages-in-private-sector/1137196.html Any bros saw this article...? Just some quick observations... a. I am quite sure I didn't get half of that 5.3%, and so did my whole company on average b. Is the government going to increase costs of living based on such data? ie raise bus fares again c. how did the statistics come about in the first place? Quite frankly I am worried when I see such stats..shows I am way below national average once more..
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Saw this baby next to Hougang Plaza. IMO, a very weird looking mercedes and it took me quite some time to get used to it. Anyone knows whats the cool price tag on this CLS500?