Are you a university graduate who’s proud to be one of the top 20% of your cohort?
Or were you in the top 10% of the PSLE cohort offered to take Higher Mother Tongue Language*?
Or maybe you were invited to join the Gifted Education Programme, which means you’re in the top 1%?
But I hope the good feeling (and arrogance perhaps?) lasts into adulthood.
Now, go compare your current earning power with the income benchmarks below.
For example, if you are in your mid-thirties and make $94k per annum, you are at the bottom of the top 20%. This is arguably equivalent to a PSLE student just making it to a SAP school in 1995.
That’s not all. If your net worth is below $329k (use this tool to calculate), you are not a wealth accumulator.
* HMTL cutoff was subsequently relaxed to 20% in 1995 and 30% in 1999.