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Archive for January, 2010

Double Dip Recession

Friday, January 29th, 2010

We can reasonably expect Singapore to plunge back into recession at the end of this quarter. If it does, we will be the first country in Asia, and possibly the world, to experience a double dip recession in the aftermath of the global financial crisis. Our economy first dipped into a technical recession in Q3 [...]


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More Tax Residents In Higher Income Brackets (see graph)

Friday, January 22nd, 2010

9.2% of resident taxpayers made $100k to $150k in YA2008, up from 7.8% in YA2004. The increase has been gradual and consistent through the years. In fact, all income tax brackets above the $80k mark saw a similar increase. In contrast, it was a decreasing trend for the lower income brackets between the $25k and [...]


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Does Your Monthly Household Expenditure Exceed $4,388?

Wednesday, January 13th, 2010

The average expenditure of all Singapore households is $4,388 per month. This is according to the Household Expenditure Survey (HES) report released last month by the Singapore Department of Statistics. Households staying in 5-room and executive HDB flats spend an average of $4,926 per month, while those in 3-rooms and 4-rooms spend $2,482 and $3,551 [...]

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Graduate Couples Should Have No Problem Saving $1Million

Sunday, January 3rd, 2010

If you and your spouse are working professionals making median salaries, it’s not hard for both of you to accumulate $1 million before you reach 45 years old. Suppose both of you started working at age 25, and always save and invest one-third of your income. If your savings and investments earn just a 3% [...]

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