Middle-class in Singapore
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Hi,
What is the definition of middle-class in Singapore?
is it by individual income level? family income? Life-style? -
There is such a thing as middle class in Singapore? As long as you hold a job, have a mortgage, you are a wage slave nothing more, nothing less...
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Asset 1 million above consider middle class.
Below it consider low middle, cos most of the asset is by loan which is not fully own. -
means live in hdb = low class?Originally posted by T.Ryousuke:Asset 1 million above consider middle class.
Below it consider low middle, cos most of the asset is by loan which is not fully own.
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Either you are rich, or you are not. The middle class is pure fiction invented by politicians.Originally posted by orwell76:There is such a thing as middle class in Singapore? As long as you hold a job, have a mortgage, you are a wage slave nothing more, nothing less... -
Yes, indeed, either you are rich or you are not.Originally posted by orwell76:Either you are rich, or you are not. The middle class is pure fiction invented by politicians.
http://www.books.com.tw/exep/prod/booksfile.php?item=0010342785#catalog
That's what it means by M-Society. The rich and not rich are represented by the 2 peaks in 'M'. The book illustrates how to survive in such a society. -
i dun think there is such a clear cut black or white, right or wrong....rich or poor for the matter.Originally posted by orwell76:Either you are rich, or you are not. The middle class is pure fiction invented by politicians.
if you want to define `class' of people by income strata, clearly there is a mid-range strata that would classify as middle class.
The middle class, in my mind exist in Singapore. In my definition, they are the chumps who:
1. are in 2 minds about voting for PAP bcos the latter heck care about their well being. PAP enrich the rich (inner circle) and help the very poor (vote buying). If you feel your are being ignored, in policy matters or felt irrelevant in matters affecting nation building, you are middle class.
2. hog SG roads with toyota altis'and nissan sunnys...
3. have a relatively steady job but with little prospects on career advancement on merit. you constantly feel that you are being pass over for any job promotion and feel insecure about having FTs competing for the same job or taking your job away.
4. stays in 99 year leasehold condo nestled in hdb estates to get out of that `I stay in HDB' stigma
5. feels the pinch when you get $30 parking fine, grumble when petrol pump price goes up 15 cents/litre.
6. finds yourself staring briefly at that S Class or 5 series at the traffic sign stop and tell yourself you will `get there' one day.
If you are 4 or more of the above, you are middle class. And that's nothing to be ashamed of. It is not your undoing..... -
With taxation laws favouring corporations and businesses (aka the rich), the middle class is slowly being "hung dry" by shouldering the weight of tax cuts through increase in consumption tax.Originally posted by orwell76:Either you are rich, or you are not. The middle class is pure fiction invented by politicians.
Contributions to the provident fund has been capped at $4500.
Defaults on mortgages and bankruptcies are on the rise.
All the above are indicators that the middle class is not doing well. -
Mortgage default for HDB or private property on the rise?Originally posted by orwell76:With taxation laws favouring corporations and businesses (aka the rich), the middle class is slowly being "hung dry" by shouldering the weight of tax cuts through increase in consumption tax.
Contributions to the provident fund has been capped at $4500.
Defaults on mortgages and bankruptcies are on the rise.
All the above are indicators that the middle class is not doing well. -
What you think?
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Both also got but the people chose to buy these properties.Originally posted by orwell76:What you think?