Sunday, September 25, 2005

The Vitamin They Call "M"

Listening to: Bon Jovi's Have A Nice Day

5 things I found out about the island's rich-poor "gap" from reading sat's newspapers:

1. There are about 50,000 people with financial assets of over US$1 million (S$1.7 million) in Singapore (this includes the home they in)

2. Over 1 per cent of Singapore's population are millionaires, up 22.4% from last year.

3. Monthly incomes of the poorest 20% of households fell by 3.2% a year between 1998 and 2003.

4. Households in the top 20% earned about 21 times as much as those in the lowest 20% in 2000.

5. Unemployment rates among those 40 and above and those with less education has gone up.

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