Income gap narrowed last year
Real income, despite severe inflation, was up by 1.8per cent -5.4per cent. -ST
Aaron Low
Wed, Jan 21, 2009
The Straits Times
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.
For more The Straits Times stories, click here.