Singapore median income hit $5775, why do you still feel POOR?

Singapore’s median salary has officially hit $5,775 per month. That is over 40% growth compared to 10 years ago, but do you actually feel 40% richer? Sponsor: 🌉 Longbridge SG https://hmsg.link/longbridge Code UIKHFMD9 🔥 Get 5% p.a. Boost and CNY Angbao + Free Stocks* (up to S$1370). *T&Cs apply. _________________________________ 🔭 Telegram Group: https://hmsg.link/telegram 📷 Instagram @HoneyMoneySG https://www.instagram.com/honeymoneysg 🦙 My Brown Llama/Alpaca https://s.shopee.sg/9zmyORhsqv 🌟 My referral codes: https://t.me/sgpromocode 📙 Solo Biz: https://hmsg.link/solobiz ☕️ Buy my Spreadsheets at Ko-Fi: https://hmsg.link/shop 🎵 TikTok https://www.tiktok.com/@honeymoneysg 📧 Email (Business only): sghoneymoney@gmail.com 🏦 CREDIT CARDS 💳 🔗 https://hmsg.link/creditcard 📈 INVESTING & TRADING PLATFORMS 📈 🔗 https://hmsg.link/investing 💳 MULTI-CURRENCY CARD/WALLET 👛 🔗 https://hmsg.link/multi 💰 PAYMENT APPS 💰 🔗 https://hmsg.link/pay 🏦 FINANCIAL APPS 🏦 🔗 https://hmsg.link/finance 💼 BUSINESS 💼 🔗 https://hmsg.link/business ✈️ TRAVEL ✈️ 🔗 https://hmsg.link/travel 🛡️ Travel Insurance offers 🛡️ 🔗 https://hmsg.link/travelinsurance 🛍 LIFESTYLE 🛍 🔗 https://hmsg.link/lifestyle 👨🏻‍💻 PROFESSIONAL SERVICES 👨🏻‍💻 🔗 https://hmsg.link/services 🎥 FILMING & SOFTWARE 🎥 🔗 https://hmsg.link/film Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews. _________________________________ In today’s video, we’re breaking down the latest Ministry of Manpower (MOM) statistics to understand why life still feels "tight" for many Singaporeans despite rising wages. We’ll discuss the difference between median and mean income, how much of your pay raise is actually being eaten by inflation, and why building assets is the only way to stay ahead. What we cover in this video: - The $5,775 Breakdown: What is actually included in "Gross Monthly Income"? (Hint: It’s not just your take-home pay). - Median vs. Mean: Why the "Average" salary is misleading and how the "middle person" is the real benchmark. - The Inflation Trap: Why a 46% pay jump over 10 years only feels like 23% in "real" growth. - The Bonus Reality: Why companies are becoming more "uptight" with AWS and bonuses in 2025. - Beating the Baseline: How to move from the lower half to the upper half by focusing on assets over pure income. #SponsoredBy #Longbridge