15 Feb '12, 12am

Families in the top 10% saw their real household income soar 7.9%, compared with 0.9% for the bottom 10%.

The median income of a Singapore family has gone up, and it rose faster than inflation last year, according to a government report. This income, which is the mid-point in a range, jumped 11 per cent to $7,040 a month last year as more family members went out to work in a growing economy overflowing with jobs. As inflation was around 5 per cent, the family enjoyed a real income growth of 5.6 per cent, said the report of Key Household Characteristics and Household Income Trends in 2011, released on Tuesday by the Department of Statistics. Related Links FAMILY INCOME UP Background story Incomes in every group went up (see table). Families in the top 10 per cent saw their real household income soar 7.9 per cent, compared with 0.9 per cent for the bottom 10 per cent. Those in the middle, between the 51st and 60th percentiles, saw their real income going up by 2.4 per cent. This...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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