I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Sunday, 8 March 2015

Median Monthly Wages of Residents aged 60 and above


Men : $2,158

 Women: $1,623

 Assuming median for Couple: $3,781





Posted by Createwealth8888 at 10:20
Labels:

9 comments:

  1. SS9 March 2015 at 06:34:00 GMT+8

    Hi CW,

    Are the numbers skewed by those who don't work (i.e. wage =0)?

    ReplyDelete
    Replies
    1. Createwealth88889 March 2015 at 07:25:00 GMT+8

      Don't think so. The number is for median wage for full-time employed resident aged 60 and above

      Delete
    2. SS9 March 2015 at 07:35:00 GMT+8

      In that case, I am sad. That is just enough to live an average life in Singapore.

      Delete
    3. Createwealth88889 March 2015 at 07:52:00 GMT+8

      In fact, I am okay as in SMOL's Zebra story looking at many assholes around me when I am retired. Median passive wage for a couple from investment portfolio. :-)

      Delete
  2. Singapore Man of Leisure9 March 2015 at 11:23:00 GMT+8

    SRSI,

    Stay calm.

    That's why CW shows the pic with big carrot hidden below the ground ;)

    Some of these 60 and above may "only" earn $2,000; but they:

    1) have well brought up children successful in their careers or business. Regular cash flow from grateful children with love.

    2) have a big HDB unit which they can either downgrade, rent out a spare room, or sell the remaining lease to HDB, etc.

    3) have a hereditary landed property; bless their forefathers!

    4) have already reached financial freedom; working not for money but to have fun!


    Not everything is what it seems on first look ;)


    ReplyDelete
    Replies
    1. SS9 March 2015 at 12:45:00 GMT+8

      I guess only feasible option is (4). The worry is whether it will be adequate.

      Delete
    2. Singapore Man of Leisure9 March 2015 at 13:40:00 GMT+8

      SRSI,

      I'm glad I have option 2 - being single and no children and all.... I'm not embarrassed to say I live in HDB or to downgrade to studio apartment, if needed.

      You should listen to yourself. If financially free is "not enough", what is enough?

      I guess it helps I'm a glass half-full kind of guy :)

      Delete
    3. Jes10 March 2015 at 20:42:00 GMT+8

      Hi SMOL,

      Do you mean you have big carrot hidden under somewhere.... woohoo!

      Ok sorry, bad influence... tsk tsk.

      Delete
    4. Singapore Man of Leisure11 March 2015 at 00:17:00 GMT+8

      Jes,

      You naughty girl!!!

      Delete

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