Net wealth includes primary residences and second homes not owned primarily as investments, and it does not include Central Provident Fund funds.
In the survey, respondents were asked to think of a scale where their best possible life would represent a 10 on the scale, and their worst possible life would have a score of zero on the scale.FYI: This question is actually called the Cantril’s Self-Anchoring Striving Scale and is considered a more accurate and holistic method to measure happiness/subjective well-being/life satisfaction.
As part of Southeast Asia, the income satiation point for the average person in Singapore is an annual income of about $93,000.This could possibly be the case where any increase in income beyond this income satiation point does not have too significant an effect on the person’s ability to lead a comfortable life.
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