Singapore households earned more last year

17-Feb-2012 Intellasia | straitstimes | 7:01 AM

The median income of a Singapore family has gone up, and it rose faster than inflation last year, according to a government report.

This income, which is the mid-point in a range, jumped 11 per cent to $7,040 a month last year as more family members went out to work in a growing economy overflowing with jobs.

As inflation was around 5 per cent, the family enjoyed a real income growth of 5.6 per cent, said the report of Key Household Characteristics and Household Income Trends in 2011, released on Tuesday by the Department of Statistics.

This was double the 2.8 per cent real growth in 2010.

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