15 Feb '11, 4am

Median Monthly Incomes Increased 3.1% In 2010: Lower income group sees biggest income growth.

Resident households in Singapore saw a 3.1% increase in their median monthly income from work in 2010, from S$4,850 in 2009 to S$5,000 in 2010. In real terms, this works out to 0.3%. In employed households (households with at least one working person), median monthly income from work increased by 5.7%, from S$5,400 in 2009 to S$5,700 in 2010, or 2.8% in real terms. According to the Department of Statistics (DOS) , government schemes helped boost income growth of people living in smaller flats. People living in one and two room flats had the highest income growth of 7%. People living in four-room and larger flats had an income growth of 2.4%. The high percentage growth for the poorer households can be attributed to the lower base point, said observers. Their higher incomes may still not be able to counter the 2.8% inflation rate in 2010. The Gini coefficient, which measures...

Full article: http://www.business.gov.sg/EN/News/20110215StatisticsRepo...

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