PRS earn 32% more than S’poreans?

PRS

December 28, 2022

Statistics on the incomes of S’poreans & PRs:

20th percentile Gross Monthly Income From Work of Full-Time Employed Residents (including employer CPF)$2,500

20th percentile Gross Monthly Income From Work of Full-Time Employed Citizens (including employer CPF) $2,400 (Jun 2021)

https://stats.mom.gov.sg/Pages/IncomeTimeSeries.aspx

2,400 x 0.87 + (PRs income) x 0.13 (estimated % in population) = 2,500

So, solve for PRs income = $3,169Does the above computation mean that on the average, PRs earn about 32.0% (20th percentile) ($3,169 divided by $2,400) more than citizens?

Median Gross Monthly Income From Work of Full-Time Employed Residents (including employer CPF) $4,680

Median Gross Monthly Income From Work of Full-Time Employed Citizens (including employer CPF) $4,500

4500 x 0.87 + (PRs income) x 0.13 (estimated % in population) = 4680So, solve for PRs income = $5,885

Does the above computation mean that on the average, PRs earn about 30.8% (median) ($5,885 divided by $4,500) more than citizens?

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.