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The Big Story: More Singapore families are earning $30K a month... but are they really richer?
Singapore households are earning more than ever before, with the latest General Household Survey showing that nearly one in seven resident families now brings in at least $30,000 a month. Median household income has also reached a record high after accounting for inflation. But do rising incomes mean Singaporeans are actually better off? Or are higher salaries simply keeping pace with rising costs? And as investment income becomes a larger source of household wealth, what do these trends reveal about inequality and Singapore's economic future? On The Big Story, Hongbin Jeong speaks with…
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