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INCOME TRENDS

Income inequality falls to lowest in nearly two decades

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Households in the top 10 per cent income group had an average 0.4 per cent rise in real terms in their monthly household income from work per member last year, against a 3.5 to 5.6 per cent jump for those in the other household income groups. This reduced the income gap in Singapore to its narrowest in nearly two decades.

Singapore

HOUSEHOLDS in the top 10 per centĀ  income group had an average 0.4 per cent rise in real terms in their monthly household income from work per memberĀ last year, against a 3.5 to 5.6 per cent jump for those in the other household income groups. This reduced the income gap in...