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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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Thursday, 20 February 2020

Median household income in 2019 is $9,293


Read? Income inequality in Singapore at lowest in almost two decades: SingStat

MEDIAN HOUSEHOLD INCOME ROSE

 The SingStat report also said median household income from work among resident employed households - households headed by a Singapore citizen or permanent resident and at least one working member - grew 1 per cent in real terms, from S$9,293 in 2018 to S$9,425 last year. 

 Household income from work refers to the sum of income from employment and business - including employer Central Provident Fund (CPF) contributions - received by all working members of the household. 

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 Median income incl all CPF in Jun 2019 survey is $4,563

 Median household income in 2019 is $9,293

 We may use the above number as guide for our retirement income planning. How much is enough to live comfortably in Singapore WITHOUT squeezing ourselves too much by bench-marking to Median income level.

 Median income after CPF is about $4K

 Median household income after CPF is $8.2K

 Monthly "passive" income per person of $4K should be okay!



Posted by Createwealth8888 at 20:02
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2 comments:

  1. Singapore Man of Leisure21 February 2020 at 08:26:00 GMT+8

    CW,

    ???

    Buy shoes using Median shoe size can?


    1. Weak-willed person with passive income of $2K happy happy got enough previously, like those who panic buy toilet paper, now concerned how to survive on $2K??? Yesterday OK, today not OK? Why? Because they read somewhere...

    2. Those who live on passive income of $10K will sneer at $4K as "fake news". How can anyone survive on $4K? Really? You call that FIRE?

    3. "Poor souls" depending on CPF Life suck thumb. Even those who are on Enhanced Retirement Sum (ERS) can't hit $4K :(


    Benchmarking is useful to know where we are relative to others. Excessive benchmarking however belies a deep sense of insecurity and the constant need to seek approval from others.

    It like that girlfriend who asks she pretty or not?

    One time two times cute; asks everyday is red alert for self-esteem issues!

    Cut-loss early?

    ReplyDelete

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