On July 18, there was a Sunday Times Invest article titled “Fewer high income earners feel very happy: IPS study”. A survey of 2,000 respondents by the Institute of Policy Studies (IPS) showed that higher incomes is not a guarantee of more happiness. In fact, the higher income groups have the lowest proportion who said “they felt very happy most of the time”. For those … [Read more...]
The truths behind our higher incomes in census 2020
The Department of Statistics (DOS) released the latest Singapore Census of Population 2020 last month. Census 2020 surveyed 150,000 resident households last year. The results show that Singapore residents are earning higher incomes. Also, those households in the highest income bracket of $20,000 and over make up the biggest group of 13.9 percent. Did census 2020 show that … [Read more...]