Thursday, October 9, 2014

New survey gives snapshot of typical retiree households

An interesting article I read recently on "New survey gives snapshot of typical retiree households" which you read at this URL...
shed interesting new facts and information retiree households in Singapore. 

To summarize, some interesting facts are:

* A typical retired household here draws a monthly income of $1,735, half of which comes from investments and contributions from family members or friends.

* A retiree household living in a three-room flat spends an average of $1,000 every month, of which a third goes to food and another third to housing, utilities and health expenses.

* Retiree households are also spending more every month. They shelled out an average of $1,700 last year, compared to $1,300 five years ago.  However, the bottom fifth of these households spent only $480 a month, compared to $4,120 for the top 20 per cent.


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