SINGAPORE (Aug 5): Singapore’s overall average monthly household income has risen 2.4% since half a decade ago in 2012/13, whereas expenditure only went up 0.8%. But the bottom 20% of households in the city state might be feeling even poorer than before.

From 2012/13 to 2017/18, the bottom one-fifth of households was the only group whose rise in expenditure outpaced income growth in nominal terms. For these Singaporean and permanent resident households, their incomes rose 2.8% a year — the fastest growth among the quintiles — but their expenses were 3% higher a year.

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