Channel NewsAsia, 14 Feb 2012
Singapore households were better off last year, as the median monthly household income per member rose to S$1,990, from S$1,850 in 2010.
In nominal terms, that was an increase of 7.9 per cent. In real terms, it was a 2.7 per cent rise. These figures are for resident households with at least one working member.
Household income from work refers to the total income received by all members of a household from employment and business and excludes salaries of maids, rental income and dividends.
The Department of Statistics (DOS) said in its latest report, 'Key Household Characteristics and Household Income Trends, 2011', released on Tuesday that the increase was the sharpest for the lower-income group.
The lowest 10 per cent of households saw the highest percentage growth in average monthly household income per member. The increase was 11 per cent in nominal terms and 5.8 per cent in real terms.
As for total household income, median monthly household income from work increased from S$6,340 in 2010 to S$7,040 in 2011 - an 11 per cent growth in nominal terms or 5.6 per cent in real terms.
The top 10 per cent of households saw the highest percentage growth in average monthly household income of 14 per cent in nominal terms or 7.9 per cent in real terms.
Between 2001 and 2011, the median monthly household income from work per household member of resident employed households rose by 20 per cent in real terms. Most of the gains came between 2006 and 2011.
On a total household income basis, the median monthly household income from work rose by 22 per cent in real terms between 2001 and 2011.
The Department of Statistics said the profile of households remained relatively stable.
The number of resident households was relatively unchanged at 1.15 million in 2011, compared with 2010.
The average household size was 3.5 persons, which was unchanged since 2006.
Similarly, the distribution of resident households by type of dwelling was relatively stable.
Four-room HDB flats remain the most common type of dwelling for resident households in 2011.
The proportion of resident households with at least one working person (i.e. resident employed households) increased from 90 per cent in 2010 to 91 per cent in 2011.
Income inequality widened from 0.472 in 2010 to 0.473 in 2011.
But the Department of Statistics said after taking government transfers and taxes into consideration, the Gini coefficient in 2011 was reduced from 0.473 to 0.452.
This means the income gap narrowed marginally from the 0.455 in 2010, after factoring in government transfers.
The top 10 per cent of households saw the highest percentage growth in average monthly household income of 14 per cent in nominal terms or 7.9 per cent in real terms.
Between 2001 and 2011, the median monthly household income from work per household member of resident employed households rose by 20 per cent in real terms. Most of the gains came between 2006 and 2011.
On a total household income basis, the median monthly household income from work rose by 22 per cent in real terms between 2001 and 2011.
The Department of Statistics said the profile of households remained relatively stable.
The number of resident households was relatively unchanged at 1.15 million in 2011, compared with 2010.
The average household size was 3.5 persons, which was unchanged since 2006.
Similarly, the distribution of resident households by type of dwelling was relatively stable.
Four-room HDB flats remain the most common type of dwelling for resident households in 2011.
The proportion of resident households with at least one working person (i.e. resident employed households) increased from 90 per cent in 2010 to 91 per cent in 2011.
Income inequality widened from 0.472 in 2010 to 0.473 in 2011.
But the Department of Statistics said after taking government transfers and taxes into consideration, the Gini coefficient in 2011 was reduced from 0.473 to 0.452.
This means the income gap narrowed marginally from the 0.455 in 2010, after factoring in government transfers.
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