THE income gap in Singapore last year narrowed for the first time in 10 years, as families in all income groups enjoyed higher earnings.

A key reason for the rise in income was the buoyant labour market, which saw more people with jobs and drawing higher salaries.

Even the severe inflation did not make a dent in people's earnings. Real income for all income groups went up by between 1.8 per and 5.4 per cent.

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