Median income in Singapore projected to rise to $4,850 in 2022 & $5,000 in 2023: Can it keep up with inflation?
According to the latest data from the Ministry of Manpower (MOM) Singapore, the median gross monthly income from work plus Central Provident Fund (CPF) contributions went up by 3.2 per cent to $4,680 in from 2020 to 2021. FYI: MOM reports this income data at the mid-year mark. This is why we have the salary numbers for 2021, even though...