Despite being a small country, Singapore is fortunate to have achieved great economic progress throughout the years. In general, most Singaporeans have higher incomes and greater wealth now than ever before.
But, does that mean that everyone has benefitted from the country’s success?
In most developed countries, including Singapore, the gap between the rich and the poor is prevalent.
Are the rich getting richer? The poor getting poorer?
In today’s article, we’ll look at some statistics that show the degree of income (and wealth) inequality in Singapore.
So, read on!