SINGAPORE: Households across all income groups earned more last year, with those in the lowest 30 per cent and top 10 per cent seeing the fastest real income growth, according to official data released on Friday (Feb 26).
Based on the Department of Statistics' annual Key Household Income Trends survey, the median household income from work rose to S$8,666 last year, up S$374 from S$8,292 in 2014. This is an increase of 4.5 per cent in nominal terms, or an increase of 4.9 per cent in real terms, after accounting for inflation.
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Distribution of incomes
GDP growth
Government distribution of taxes
Household income growth versus GDP growth
Long term impair on economic growth
Managing an economy
Minimum wage level
Productivity growth
Real Income Growth
Real wage growth versus productivity growth
Total household income
Transfer of taxes