S’pore households earned more than they spent over the past five years: Govt survey

Quick Summary:

Government rebates and subsidies supplemented household income and helped families cope with rising expenses.

Meanwhile, average monthly household expenditure increased by 2.8 per cent per year, from $5,163 to $5,931, over the same period.

Spending on transport each month fell to an average of $951 in 2023, a drop of 8.4 per cent from $1,038 in 2017/18.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Households Government Average Monthly Expenses Cent 2017/18 Spent 2023 Income Household

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 19:55:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 762 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23919051

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

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Publisher ID: #25

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