Real incomes of Singaporeans working in full-time jobs rose 1 per cent this year, Acting Manpower Minister Tan Chuan-Jin revealed in a blog post this afternoon.
These are preliminary figures and include employer Central Provident Fund (CPF) contributions.
In 2011, real incomes of citizens grew 1 per cent as well while nominal incomes rose 6.3 per cent.
=> brilliant ... we have real growth of 1% per year .. but he forgot to include loss incurred in CPF OA and bank accounts per citizen after factoring in high inflation
=> so overall ... huge loss ...for those who does not hedge inflation risk
same like US middle class ... loss