09 Oct '17, 1pm

New: The Big Singapore Market Upgrade – Hype or Reality? (Part 2) https://t.co/bdw0dQHBMC

A key contributor to the 2.6% household income growth in 2016 is a 15% increase in households with zero income . The table below shows that in 2016, the proportion of households with income from work grew by 1.8% over 2015 while the proportion of households with no working persons increased by 15%! The shrinking employment market in the past two years was mainly attributed to the lower income jobs in sectors such as offshore and marine, oil and gas, construction and retail services. When the lower income households fall into zero income, the remaining families with stable income will lift the nationwide average income. We recognize that there are families whose household incomes have indeed risen and that Singapore continues to accept new Permanent Residents and new citizens who have a high income. Therefore, we are not attributing the entire 2.6% income growth to the larg...

Full article: https://www.propwise.sg/the-big-singapore-market-upgrade-...

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