Working couples in Singapore, you have been warned.
The median income of households with two working members is likely to increase a little less in the next 10 years than it did in the past decade, based on what the minister said.
The government wants individual median income to go up from S$2,400 now to S$3,100 in 2010, Finance Minister Tharman Shanmugaratnam said yesterday.
That's less than a one-third increase — and less than the growth in the median household income in the last decade.
Median household income from work rose by a third from S$3,638 in 2000 to S$4,850 in 2009, according to Key Household Income Trends 2009, a paper issued by the Singapore Department of Statistics. Based on that report, I made this chart to write about the growing gap between average income and median income in Singapore.
