marahfreedom

Articles on Singapore – reposted by @AgreeToDisagree – 5th February 2012

In 1% tricks and traps, 99%, Singapore on February 5, 2012 at 2:04 pm

Singaporeans wealthy but unhappy: report – Saturday, 31 December 2011 06:50

THEY are among the world’s wealthiest, ranking sixth highest in net wealth with a mean value of US$284,692 (S$370,170) per adult according to the Credit Suisse Global Wealth Databook 2011 (net wealth is defined by a person’s financial and real estate assets without debt; however, experts say it ignores wealth distribution).

But Singaporeans aren’t necessarily a happy lot.

The median net wealth figure – which is less vulnerable to being pulled up or down by the very rich or the extremely poor – sees Singapore ranked eighth out of 160 countries, at US$101,033 (S$131,368) per adult.

The only countries that outrank it are Australia, Japan, Belgium, Iceland, Italy, Luxembourg and the United Kingdom.

Despite the fairly high ranking, The Business Times reported that Singaporeans were a gloomy lot, worried about property prices, taxi fares and the inconsistent public transport, with much of the angst stemming largely from the middle class.

-tabla! (Indian Drum)

http://en.wikipedia.org/wiki/Tabla

 

[[[ *** RESPONSE *** ]]]

With a mean value of US$284,692?!?

This article is joking. with a mean debt of US$284,692 more like it. Go ask around. All Sinkies have is that flat their last generation bought. There is zero social or financial mobility in Singapore because like rats on a sinking ship (especially with the Isthmus of Kra canal), Sinkies are all quite poor and population is rising so fast from migration that prices are driven up artificially inflating invidual values but the same flat cannot be sold because the flat would be impossible to buy back later.

This survey is inaccurate as the wealthiest averages which are extreme to say the least matched to the poorest overall (inequitable wealth distribution posing as EVEN wealth distribution), results in something more like US$28,462  of any usable asset at all for the 99%. Or even 25% or that 99% at very most.

Without the numerology thrown it, disposable asset not tied up in a flat or evil COE, could well be USD$15 or less.

This survey is inaccurate as the wealthiest averages which are extreme to say the least matched to the poorest overall (inequitable wealth distribution posing as EVEN wealth distribution), results in something more like US$28,462  of any usable asset at all for the 99%. Or even 25% or that 99% at very most.

Without the numerology thrown it, if not tied up in a unsaleable flat or evil COE, disposable asset could well be USD$14,231 or less.

 

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