Originally posted by Rock^Star:
$2,000 and own a car? How many do that? Back it up. 10
years ago, at least 20-30% downpayment of the car's price was
needed before you could own a car. Moreover, like you said, prices
were high.
The purpose of comparing the cost of HDB flat and car from 97 to 06
is because these are the 2 most expensive items, which could
drastically affect your spending power and disposable
incomes.
Since the purpose of this discussion is to question ndmmxiaomayi
statement where someone earning $2000 during 97 is a comfortable
middle class earner, and with the same amount in todays term you
are struggling to make ends meet, even when you are single.
And buying HDBs of $300,000 - $900,000 in 1997 with just a
pay of $2,000? HDB policies limit the purchase of flats to the
income one earns. Go read up hdb.gov.sg for more details before you
embarass yourself any further.
I didnt know that the cheapest HDB flat in Singapore cost $300K in
97. Do you know that in order for you to own a HDB flat, you have
to be married or living with your parents or other siblings etc. As
such doesnt it make sense that you are usually a part owner of the
flat? Plus, HDB is only interested in the household income, not your
individual income.
Embarass myself? I think I will safe that for you. Rock
Star!!
Do not generalise like what you have done - mistaking the
mean income of Singaporeans as if all have benefited. You made this
mistake and you still haven't learned, as evident
above.
Mistaken? Not really, I am simply waiting for you to provide us
with your comment on Median wage growth in singapore.
If you refuse to look at the stats given in this threads by
other forumites, I cannot help you either. There is often little
aid for those who have 2 eyes but choose to be
blind.
Who are forumites? whats their name? who do they look like?
Why should I believe what they say since talking here is free and
they are not accountable and responsible to ensure that all
information they provided are facts and not fabricated BS.
Uh huh....your point is?
I am still waiting for you to check out the median income from our
government website. WAITING!!
To clarify, this piece of statistic is not meant to show
Singapore's economic situation. Its main purpose is to illustrate
average income per household by decile from the lowest 10% to the
top 10%. Did you not understand that?
1) We are interested to know if there is infact a wage growth in
Singapore for the past 10 years, NOT widening income gap issue as
it has been discussed in another thread.
2) I dont see what is the point using statistic that stops at 2000
to discuss about current issue here in Singapore.
You were harping on the mean income of Singaporeans,
insisting that income has increased as a whole. So, to prove that
your argument based on this is irrelevant, this statistic of
average income per household by decile was shown to you.
It may have surfaced repeatedly in this forum but that doesn't
diminish its credibility.
As for your 4 questions above, I query your ability to analyse and
link relevant matters together. It does not explain the widening
income gap due to economic factors as all the above have affected
many Singaporeans, regardless of income level. Moreover, refer to
the timeline of events you have provided. They are post 2000, save
for point iv).
I assure you that I will give you my thoughts after you give us
your comments on Median income growth.
Negative. It's missing from the MOM website, available only
in singstat.gov.sg. Since this is a statistic of our workforce,
shouldn't it be the other way round?
FYI, those information available on www.singstat.gov.sg are just a
compilation of information provided by other ministry, hence
whatever you read in there about wages and labor market, are all
provide by MOM. To say its missing, it only goes to show how
resourceful a person you are.
Since you are capable for finding the median income growth from
singstat, could you be kind enough to show us if there is infact a
median income growth in Singapore over the past 10 years?
PLEASE!!
