Household wealth rose in Singapore, defying downtrend elsewhere - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Household wealth rose in Singapore, defying downtrend elsewhere (/Thread-Household-wealth-rose-in-Singapore-defying-downtrend-elsewhere)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Household wealth rose in Singapore, defying downtrend elsewhere (/Thread-Household-wealth-rose-in-Singapore-defying-downtrend-elsewhere)
Household wealth rose in Singapore, defying downtrend elsewhere - Levin - 17-08-2023
Chor Khieng Yuit
Senior Correspondent
UPDATED 8 HOURS AGO
SINGAPORE – Global household wealth went into decline in 2022 but Singapore managed to buck the trend.
A new report noted that household wealth here rose 7.2 per cent in 2022 to US$1.906 trillion, while the average household increased its financial standing by 6.3 per cent on a per adult basis.
......
Singapore’s rising wealth defies global trends, which indicate that total net household wealth dropped 2.4 per cent to US$454.4 trillion in 2022, while the wealth per adult declined 3.6 per cent.
......
much of the decline in global wealth – the first since the 2008 financial crisis – was due to inflation and the strength of the US dollar against other currencies.
......
The study, now in its 14th year, covers 5.4 billion adults around the world and across the wealth spectrum – from billionaires to the middle- and lower-income levels.
It found that median wealth per Singapore adult – this takes the middle number in the whole database – rose 6.2 per cent from 2021 to US$99,488.
......
Singapore’s Gini coefficient, a measure of economic inequality, was 78.8 per cent in 2022, lower than the world level of 88.3 per cent (Levin: I think this report used a different formula as the figures are ridiculously high for both. One thing is all formulae for gini coefficient I have come across have never considered cash/vouchers given to certain groups of citizens so the Gini coefficient figures tend to be wrong and become meaningless)
https://www.straitstimes.com/business/household-wealth-rose-in-singapore-defying-downtrend-elsewhere-ubs-credit-suisse-wealth-report
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Sharexchange - 17-08-2023
I drop leh...
RE: Household wealth rose in Singapore, defying downtrend elsewhere - RiseofAsia - 17-08-2023
They import too many rich ppl lah.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Bigiron - 17-08-2023
zhun boh
nb using card stacking propaganda
RE: Household wealth rose in Singapore, defying downtrend elsewhere - surfer - 17-08-2023
Talking cock. I’ve not been working since 2020 when I stepped out of the rat race. What household income wealth increase. How many household did he survey amongst the whole of Singapore.? Straits Times. Cannot be trusted.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Clyde - 17-08-2023
Household wealth. Could be due to asset price increase.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - surfer - 17-08-2023
(17-08-2023, 09:10 AM)Clyde Wrote: Household wealth. Could be due to asset price increase.
If you read the first sentence…… while the average household increased its financial standing by 6.3 per cent on a per adult basis. Not asset price increase.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Tangsen - 17-08-2023
(17-08-2023, 07:26 AM)Sharexchange Wrote: I drop leh...
Because you lazy fugg, dun wanna work
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Sharexchange - 17-08-2023
(17-08-2023, 10:43 AM)Tangsen Wrote: Because you lazy fugg, dun wanna work
Last month i got work leh for 1 week...tray return executive.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Tangsen - 17-08-2023
(17-08-2023, 12:20 PM)Sharexchange Wrote: Last month i got work leh for 1 week...tray return executive.
You need to work harder lah .... Pinky already said our reserve money not enough liow
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Clyde - 17-08-2023
(17-08-2023, 09:52 AM)surfer Wrote: If you read the first sentence…… while the average household increased its financial standing by 6.3 per cent on a per adult basis. Not asset price increase.For me, my rental income increases by more than 30%
RE: Household wealth rose in Singapore, defying downtrend elsewhere - starbugs - 17-08-2023
(17-08-2023, 12:54 PM)Clyde Wrote: For me, my rental income increases by more than 30%
You are too kind to your tenant. Didn't up your rental by 50% or more.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Sticw - 17-08-2023
Meaningless stats cos the wealth is not evenly spread whilst the state is per capita. Unless the rich willingly share out to all.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - p1acebo - 17-08-2023
Rich ahnehs and ah tiongs new sinkies lah
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Ola - 17-08-2023
(17-08-2023, 08:08 AM)RiseofAsia Wrote: They import too many rich ppl lah.
100% Correct
MOM Reported a surge in FTs
but they removed the report because this will make them loose votes
Page not found (mom.gov.sg)
So here is my picture I took:
![[Image: MOM-Work-pass-Dec-2022.png]](https://i.ibb.co/k0zYktF/MOM-Work-pass-Dec-2022.png)
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Manthink - 17-08-2023
(17-08-2023, 09:52 AM)surfer Wrote: If you read the first sentence…… while the average household increased its financial standing by 6.3 per cent on a per adult basis. Not asset price increase.
...and if one reads the last paragraph which points blaming finger at US monetary policy that exported its inflation to others.
Mr Anthony Shorrocks, economist and author of the report, said that much of the decline in global wealth – the first since the 2008 financial crisis – was due to inflation and the strength of the US dollar against other currencies.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Manthink - 17-08-2023
(17-08-2023, 01:45 PM)Ola Wrote: 100% Correct
MOM Reported a surge in FTs
but they removed the report because this will make them loose votes
If any data is "100% Correct", then we should also accept Credit Suissie data which suggest Russians households are top "Winners" who got wealthier thanks for being kicked out of of US$ system over Ukraine War ?
You just need to compare those households in pro-America countries
Does that not nicely explain why so many countries now wanna De-Dollar their investments and assets...
![[Image: 66ce1e833ef6b6d9030b85888c20ae69]](https://s.yimg.com/ny/api/res/1.2/J5LJTxQHgLFLTCY4FJWqHQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYwNTtjZj13ZWJw/https://media.zenfs.com/en/fortune_175/66ce1e833ef6b6d9030b85888c20ae69)
RE: Household wealth rose in Singapore, defying downtrend elsewhere - surfer - 18-08-2023
Never trust these surveys nor statistics. Not based on 100% of population. Maybe not even one percent.
RE: Household wealth rose in Singapore, defying downtrend elsewhere - Levin - 18-08-2023
(18-08-2023, 07:46 AM)surfer Wrote: Never trust these surveys nor statistics. Not based on 100% of population. Maybe not even one percent.
May not be 100%. But definitely more than 1%.
The study, now in its 14th year, covers 5.4 billion adults around the world and across the wealth spectrum – from billionaires to the middle- and lower-income levels.