Oct 9, 2010

Are you average?

SINGAPOREANS are the fourth richest people in the world in terms of personal wealth and second richest in Asia-Pacific, according to a Credit Suisse report.

The average wealth per adult here has grown from US$105,000 in 2000 to US$255,488 (S$336,000) this year.

Wealth is calculated as the value of financial assets like stocks and bonds plus non-financial assets - principally housing - less an individual's debts.

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So are you average?

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