S'pore households' median monthly income rises
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SINGAPORE: Singapore households were better off last year, as the median monthly household income per member rose to S$1,990, from S$1,850 in 2010.
In nominal terms, that was an increase of 7.9 per cent. In real terms, it was a 2.7 per cent rise.
Household income from work refers to the total income received by all members of a household from employment and business.
The figures are for resident households with at least one working member. It excludes the salaries of maids, rental income and dividends.
The Department of Statistics (DOS) said in its latest report, 'Key Household Characteristics and Household Income Trends, 2011', released on Tuesday that the increase was the sharpest for the lower-income group.
The lowest 10 per cent of households saw the highest percentage growth in average monthly household income per member.
The increase was 11 per cent in nominal terms and 5.8 per cent in real terms.
As for total household income, median monthly household income from work increased from S$6,340 in 2010 to S$7,040 in 2011 - an 11 per cent growth in nominal terms, or 5.6 per cent in real terms.
The top 10 per cent of households saw the highest percentage growth in average monthly household income of 14 per cent in nominal terms, or 7.9 per cent in real terms.
Between 2001 and 2011, the median monthly household income from work per household member of resident employed households rose by 20 per cent in real terms. Most of the gains came between 2006 and 2011.
On a total household income basis, the median monthly household income from work rose by 22 per cent in real terms between 2001 and 2011.
The Department of Statistics said the profile of households remained relatively stable.
The number of resident households was relatively unchanged at 1.15 million in 2011, compared with 2010.
The average household size was 3.5 persons, which was unchanged since 2006.
Similarly, the distribution of resident households by type of dwelling was relatively stable.
Four-room HDB flats remain the most common type of dwelling for resident households in 2011.
The proportion of resident households with at least one working person (i.e. resident employed households) increased from 90 per cent in 2010 to 91 per cent in 2011.
- CNA/cc -
but not mine lol
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I "feel" so very rich now.
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where do they get such statistics?
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come come.. .. which family got S$7,040 in 2011?? my dad one sure dun have.. mi one have... next pls..
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The rich getting richer is spoiling the deviations. Now inflation will kick in cause people think everyone's getting richer.
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well statistics were good to fool the massses back in days without the internet.
nowadays,,they print something ..everyone can confirm its real or bluff on internet.
so far it looks pretty dim for statistics accuracy.
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This report make you think that everyone's pay is increasing, except yours.
When infact no one's pay is increasing, even the minister's and president's.
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You wonder, she wonders, he wonders.
Who got the pay increment?
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Originally posted by I-like-flings(m):
come come.. .. which family got S$7,040 in 2011?? my dad one sure dun have.. mi one have... next pls..
If you have 7 members in your family all working, then maybe got $7k a month.
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Originally posted by mancha:
This report make you think that everyone's pay is increasing, except yours.
When infact no one's pay is increasing, even the minister's and president's.
the top 10% probably made more this year. so they average out the whole population and end up with the above numbers.
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As always, for show nia
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Can show this report to your boss and ask for pay increment.
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chicken rice from $2.00 to $2.50
tats 25% increase
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It is selective statistics.
If they put it against the price increase and inflation, it can barely covered the expenses.
Some boot lickers to stick some wayang figure to make the master happy.
Emperor's New Clothing - Another Lion City Fiction.
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Originally posted by charlize:
Can show this report to your boss and ask for pay increment.
your boss will axe you and with the amount saved he can catch up with the survey figures. -
Originally posted by dragg:
the top 10% probably made more this year. so they average out the whole population and end up with the above numbers.
no seriously.
who understands the meaning of MEDIAN?
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MEDIAN: taking the value of the 'middle' term.
For example, if you are studying the speeds of eleven cars that go past you, the median value is the speed of car no.6.
As an engineering researcher, median means little to me. Heck, I'm hammering the authors of another research paper for using median instead of mean values.
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It all depends on the kind of message you want to bring across.
To really be able to interpret such data comprehensively, you'll need a whole host of numbers that I reckon fudge would be familiar with.
Sure. The median might have gone up, but what happens to the bottom and top?
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The way I interprete 'median' in this case is 'middle-income households' at or around the 50th percentile of household incomes in Singapore.
It may well be true that the 50th percentile of incomes has gone up in absolute value, but it says nothing about lower-income or higher-income households.
Median values are by themselves useless if you don't have other data, such as 25th percentile, 75th percentile, and mean values.
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Originally posted by Hitman Chief:
well statistics were good to fool the massses back in days without the internet.
nowadays,,they print something ..everyone can confirm its real or bluff on internet.
so far it looks pretty dim for statistics accuracy.
so why do you even bother reading it?
wait. did you even read?
I do not for a second doubt the validity of the figures.
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So whose salary increased this year ?
Hands up.
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Originally posted by SBS2601D:
so why do you even bother reading it?
wait. did you even read?
I do not for a second doubt the validity of the figures.
u seen one u seen it all. -
Originally posted by SBS2601D:
so why do you even bother reading it?
wait. did you even read?
I do not for a second doubt the validity of the figures.
How come you do not need your daily dosage of propaganda from the local media?
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Originally posted by charlize:
How come you do not need your daily dosage of propaganda from the local media?
Who says that I don't?
My friends find it amazing that no matter how busy I am, I'll always find 30 min to sit down and read the ST everyday.
