Compare Your Income To 10 Years Ago

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Things are getting expensive, but is your income increasing at a rate that matches inflation?

The following are the official annual CPI inflation rates for Singapore since 1980, published by The Department of Statistics (government agency).

Inflation figures:
1980 to 1989: 8.5% 8.2% 3.9% 1.2% 2.6% 0.5% -1.4% 0.5% 1.5% 2.4%
1990 to 1999: 3.4% 3.4% 2.3% 2.3% 3.1% 1.7% 1.4% 2% -0.3% 0%
2000 to 2009: 1.3% 1% -0.4% 0.5% 1.7% 0.5% 1% 2.1% 6.6% 0.6%
2010 to 2014: 2.8% 5.2% 4.6% 2.4% 1%

Each number may not seem high, but over the years, the numbers have a cumulative effect that is significant enough to surprise people.

For example, a starting pay of $3,000 in 2014 is equivalent to just $2,307 ten years earlier. A wealth of $1 million in 2014 is worth less than $740k fifteen years earlier.

What you earn now can’t buy you as many things as before if you made the same amount.

Enter your current income / net wealth below and find its equivalent worth for an earlier year. You can also use it the other way round, e.g. a $1 million wealth in 1980 is worth almost $2 million in 2014.

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3 Comments

  1. Pingback: Compare Your Income To 10 Years Ago - Salary.sg Forums

  2. my parent bought 3rm hdb at $42000 in 1984, which is about $72000 in 2014, but in 2014 3rm hdb cost more than $200000

    200000/72000= 2.78x

    thus our starting pay 1769(1984) x 2.78 = $4917+ for fresh degree grad in 2014

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