Lifestyle

These charts show you there are more and more rich people in Singapore

One of the main measure of wealth in Singapore is car, in accordance to the The “5 Cs of Singapore”, namely: Cash, Car, Credit card, Condominium and Country club membership.

It arose as a popular joke based on certain truths attesting to the unstated Singaporean cultural ethos of materialistic obsession and aspiration to achieve these things in order to impress others, both socially, economically and sociologically.

According to COEWabunga which pulls public data from the Singapore’s Land Transport Authority, there are more and more luxury cars every year in Singapore now:

singapore luxury cars

Not convinced? Take a look at this video:

Of course, while there are more and more riches, the poor gets poorer too. The following graph is derived from Singapore’s Central Provident Fund, the social security savings plan for Singapore citizens.

distribution of income singapore 2013

 

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