One out of 10 working Singaporeans earns less than $1,000 a month. That was the gross monthly income from work of more than 207,000 residents as of June last year, excluding the employer’s contribution to the Central Provident Fund (CPF).
More than 44,000 earned less than S$500 a month.
More than 84,000 were working full-time but earning less than S$1,000 a month.
The total number of employed residents was two million and four thousand six hundred in June last year. Nearly 1.8 million were working full-time.
More than 40 per cent of the residents earned less than S$3,000 a month.
Interestingly, more senior citizens over 60 years old had money flowing into their pension funds than people in the 55 to 60 age group.
There were 1,885,331 active CPF members at the end of last year, including more than 198,000 over 60 years old and just over 165,000 aged 55 to 60. An active CPF member is a person who has at least one contribution paid for him for the current or any of the preceding three months, says the CPF Board.
All this information is from the Ministry of Manpower website. I checked the website following the Sunday Times report that 35,000 older workers earn less than S$1,000 a month.
One out of five Singaporeans working full-time earned less than S$2,000 a month. The “20th percentile” – explained as the “bottom 20 per cent” – of full-time employed residents had a gross monthly income of SS1,700 excluding CPF and S$1,885 including CPF.
This is from the Singapore Yearbook of Manpower Statistics, 2014.
Half the full-time employed residents earned almost twice as much. The median gross monthly income from work for full-time employed residents was S$3,250, excluding CPF, and S$3,705, including CPF.
Nearly a quarter of the employed residents – 466,000 out of 2,004,600 – earned between S$3,000 and $$4,999 month.
More than 781,000 – or nearly 40 per cent of the employed residents — earned between S$1,000 and S$2,999 a month.
Over 174,000 – or nearly nine per cent – earned upwards of S$10,000 a month.
The rest — more than 376,000 — earned between $5,000 and $9,999 a month.
All these figures are gross monthly income from work, excluding employer’s contribution to the CPF.
You can download the statistics yearbook from the ministry website.
The following table shows employed residents’ gross monthly income from work excluding the employer’s contribution to the CPF. It is taken from the yearbook. This is how much they were earning in June 2013. The table shows the number of workers in thousands.
|Income in S$||Total number of workers||Full-time workers||Part-time workers|
|12000 & over||114.4||113.3||0.6|
In plain words, there were
- 44,300 employed residents earning less than S$500 earning a month, including 38,200 working part-time.
- 162,800 earning $500 to S$999 a month, including 84,000 working part-time.
- 209,800 earning S$1,000 to S$1,499 a month, including 34,800 working part-time.
- 210,900 earning S$1,500 to S$1,999 a month, including 13,900 working part-time.
- 203,600 earning S$2,000 to $2,499 a month, including 9,400 working part-time.
- 156,800 earning S$2,500 to S$2,999 a month, including 4,300 working part-time.
- 277,600 earning S3,000 to S$3,999 a month, including 8,700 working part-time.
- 188,400 earning SS$4,000 to S$4,999 a month, including 3,200 working part-time.
- 144,800 earning S$5,000 to S$5,999 a month, including 3,100 working part-time.
- 85,600 earning S$6,000 to S$6,999 a month, including 1,700 working part-time.
- 60,300 earning SS7,000 to S$7,999 a month, including 600 working part-time.
- 52,300 earning S$8,000 to S$8,999 a month, including 700 working part-time.
- 33,000 earning S$9,000 to S$9,999 a month, including 300 working part-time.
- 40,600 earning S$10,000 to $10,999 a month, including 700 working part-time.
- 19,600 earning S$11,000 to S$11,999 a month, including 300 working part-time.
- 114,000 earning S$12,000 and over, including 1,100 working part-time.
Please note: All these figures exclude the employer’s contribution to the CPF.
High income earners last year pushed up average (mean) monthly earnings per employee to S$4,622. But more than half the employed residents earned less than that. More than 1.2 million residents earned less than S$4,000 a month. We are talking about gross monthly income from work, excluding employer’s contributions to theCPF. As we saw, more than 207,000 earned less than S$1,000 — far below the average.“’Average (mean) monthly earnings’ refers to all remuneration received before deduction of the employee Central Provident Fund (CPF) contributions and personal income tax. It comprises basic wages, overtime pay, commissions, allowances and bonuses but excludes employer CPF contributions,” explains the manpower statistics yearbook