median income 7k?what are u smoking?household income or individual income?
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Average household income SGD$10,500.00
- Thread starter zhihau
- Start date
median income 7k?what are u smoking?household income or individual income?
Sounds reasonable for household income with 3 working adults :o:o:o
Given the high prices of public housing, I hazard a guess two or three children living with their parents cramped in one pigeon hole. plus one parent working....3-4 person one household. Minus CPF deductions....disposable income per person is much lower.
That's why import more and the spiral continues. Next time they will use "district income" as a measurement.
That's why import more and the spiral continues. Next time they will use "district income" as a measurement.
Gross or take-home?
I did the math on the median TAKE-HOME income of individuals in a posting a while back.
Average income means squat, knowing that we pay foreigners large chunk of dough and peanuts for locals.
Average is always taken as mean.
This is another conspiracy to do us in. Sinkies are at least 5 times richer
Now your phone is ok with no problem?
Liat bo quio
What's that?
You are correct. What you mean is the "best representation of central tendency" which is also termed as average. If there is a skewed in the distribution, then median is usually the best average. If the frequency of the mode is exceptionally high, then the mode may be the best average. The mean is the best average when the distribution is normal.
Catch no ball.
Catch no ball.
It is total bs that the most sinkee household income is SG$10,500.
Why is the government not revealing the median take-home income and the median household income?
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Wow sinkes are so rich! The average household makes more than hdb income ceiling to buy new flats.
Maybe someone should take this article and question HDB on their income ceiling on purchases. 5 room should be seen as a luxury, but bto is capped at 10k, and ec 12k i think.
Some posters are correct on this thread. The average household income means nothing. The median is more accurate. From the information below taken from Stats Singapore's website, you can see the median income is only $3705 per person. If a household has 2 working adults ( and that is a stretch as the average household only has about 3.5 people in it), than the household has $7,410 income and not $10,500 as stated by the Shit Times. Don't forget too that the not all the $7410 is available for household use, as 36% is locked up and never seen by the individual in the form of a CPF/Medisave deduction. That means that $2668 goes into CPF, and only $4,742 is available for household and living expenses. Notice too that the Shit Times mentioned the average household expenses is $4,724, which means that there is almost no savings or discretionary income left over.
Furthermore, the shocking fact is that the average monthly income growth from $8105 5 years ago to $10,500 came from mostly rental income and investments for the upper income group while the bottom group of people get it from relatives and govt. grants. In fact, these should not even be counted. So basically if you remove this two sources, than the average income was stagnant. PAP used to be smarter when they play punk with the numbers, now even an amateur like me can see thru their shit.
MEDIAN GROSS MONTHLY INCOME FROM WORK (INCLUDING EMPLOYER CPF) OF FULL-TIME EMPLOYED RESIDENTS, 2003-2013 (JUNE) [TABLE 2.7]
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
LEVEL ($) 2,410 2,326 n.a. 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705
CHANGE (%)
Nominal 1.3 -3.5 n.a. n.a. 3.8 13.9 1.0 2.5 8.3 7.1 6.5
Real^ 0.8 -5.1 n.a. n.a. 1.7 6.8 0.4 -0.3 2.9 2.5 4.0
(0.6) (-5.4) (1.7) (8.0) (1.4) (-0.7) (3.9) (3.4) (4.5)
Notes: Source: Comprehensive Labour Force Survey, Ministry of Manpower
1. Data exclude full-time National Servicemen.
2. Residents refer to Singapore Citizens and Permanent Residents
3. Gross monthly income from work refers to income earned from employment. For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses. For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.
4. Data for 2005 are not available as the Comprehensive Labour Force Survey was not conducted due to the conduct of the General Household Survey*by Department of Statistics, Ministry of Trade and Industry.*
5. ^ Deflated by Consumer Price Index*for all*items*at 2009 prices (2009 = 100). Figures in brackets are deflated by Consumer Price Index less imputed rentals on owner-occupied accommodation at 2009 prices (2009 = 100).
6. n.a.: Not available.
Furthermore, the shocking fact is that the average monthly income growth from $8105 5 years ago to $10,500 came from mostly rental income and investments for the upper income group while the bottom group of people get it from relatives and govt. grants. In fact, these should not even be counted. So basically if you remove this two sources, than the average income was stagnant. PAP used to be smarter when they play punk with the numbers, now even an amateur like me can see thru their shit.
MEDIAN GROSS MONTHLY INCOME FROM WORK (INCLUDING EMPLOYER CPF) OF FULL-TIME EMPLOYED RESIDENTS, 2003-2013 (JUNE) [TABLE 2.7]
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
LEVEL ($) 2,410 2,326 n.a. 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705
CHANGE (%)
Nominal 1.3 -3.5 n.a. n.a. 3.8 13.9 1.0 2.5 8.3 7.1 6.5
Real^ 0.8 -5.1 n.a. n.a. 1.7 6.8 0.4 -0.3 2.9 2.5 4.0
(0.6) (-5.4) (1.7) (8.0) (1.4) (-0.7) (3.9) (3.4) (4.5)
Notes: Source: Comprehensive Labour Force Survey, Ministry of Manpower
1. Data exclude full-time National Servicemen.
2. Residents refer to Singapore Citizens and Permanent Residents
3. Gross monthly income from work refers to income earned from employment. For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses. For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.
4. Data for 2005 are not available as the Comprehensive Labour Force Survey was not conducted due to the conduct of the General Household Survey*by Department of Statistics, Ministry of Trade and Industry.*
5. ^ Deflated by Consumer Price Index*for all*items*at 2009 prices (2009 = 100). Figures in brackets are deflated by Consumer Price Index less imputed rentals on owner-occupied accommodation at 2009 prices (2009 = 100).
6. n.a.: Not available.
Oh... I'm learning new things! That's why I love the collective wisdom of SBF!
Just as a clarification there are many measures of central tendency. The average as understood by most people is the arithmetic mean. There are also other kind of means as Belgarath pointed out, namely the geometric and harmonic mean.
The median is another measure of central tendency and is preferred in this case because the arithmetic mean as we all know is skewed by outliers. In fact the difference between the median and the arithmetic mean can be used to measure the skewness of the distribution.
The fucking bastard pap like to use arithmetic mean because the number make them look good.
In statistics it is also easier to perform statistical inference on the mean rather than the median.
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