29 Nov '17, 3am

Low-income and owning a car. Why?

SINGAPORE: This low-income family did not renovate their Bedok flat when they moved in. Neither do they go on holidays. But there is one sacrifice the Hans are unwilling to make: Give up their car for public transport. So on an income of about S$3,000, which is the average income of the bottom 20 per cent of working households, they spend up to S$500 every month on car expenses like petrol. And they are not alone. Some 16 per cent of these households own at least one car. Among the top 20 per cent, meanwhile, who earned an average of S$25,000 a month last year, 61 per cent owned at least one car. Singapore may be one of the world’s most expensive places to buy a car, but to many Singaporeans, the costs involved are not reason enough to forego owning one. The Hans, for example, felt that they had no other option but to buy a second-hand Fiat, for which they paid up front la...

Full article: http://www.channelnewsasia.com/news/cnainsider/low-income...

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