09-11-2021, 11:52 AM
(09-11-2021, 11:00 AM)sgbuffett Wrote: Having very high median wealth = more homeless in a society.
This is strange but true. A median wealth person usually has a property as the property price rise alot it becomes unaffordable and people at the bottom become homeless.
That is why there are much more homeless people in New York than in Johor.
Many dont understand thus you can have very high median wealth but high inequality means people below are suffering.
The wealthier Singapore becomes we have higher and higher level of poverty.....more than before more people find it hard to make ends meet and keep roof over their heads.
Actually homeless people have no home addresses and contact numbers, there’s no way garment can find out how much they earn in the streets, so they are not counted when authority is doing statistics, they are also not entitled to social welfare payments as garment need people who claim unemployment payment to provide home address before they can get paid, but they have no place to live, no addresses, so get nothing from garment, very sad.
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