Singaporeans' education, employment, wage outcomes have improved over the generations: MOF study

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The study tracks the socio-economic outcomes of four generations of Singapore citizens born from 1940 to 1979.. Read more at straitstimes.com.

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SINGAPORE - Compared to earlier cohorts, Singaporeans in their 40s today are better educated, more able to find jobs and earn more, and live longer.

It shows that 44 per cent of those born in the 1970s have university degrees, compared to 21 per cent of those born in the 1960s, and 7 per cent of those born in the 1940s. Higher educational attainment, incomes and CPF savings The report highlighted that 79 per cent of Singaporeans in their 40s have post-secondary qualifications, compared to 49 cent of those in their 50s and 22 per cent of those in their 70s.

Singaporeans in their 40s are also earning more. At $5,900, the median real gross monthly income including employer Central Provident Fund contributions of all full-time workers is about twice that of older groups when they were at the same age. The median is the mid-way point in the population. This is 3 to 5 percentage points lower than those in their 50s and 60s, but higher than the 76 per cent ownership rate of those in their 70s.

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over 5 generations from 1850? yea

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