Why Are Singaporeans Sad ? They Are Not Rich Enough !
I wrote this in August. Singaporeans Are Not The Richest In The World – Toyota Says So !
Singaporeans are one of the richest in the world with the highest population density of millionaires.
So much for surveys and now we have a new one.
The price of happiness by Skandia International.
How much do you need to be happy in each country. And money is important because the report shows that 80% of people believe that money can bring them happiness.
Singapore is NUMBER 2 (and ahead of Hong Kong) !!! Again… top 10 in everything.
The Magic Number is US$227,563 for Singapore with US $2.9 million in disposable assets !!! Read more here.
Now back to reality, Singaporeans.
What is our income per capita again ? US $56,000 at the moment.
It means there are a lot of unhappy people out there in the streets.
Not to worry. According to Citibank, by 2050, the income per capita will be US $137, 710.
Still not enough to make every Singaporean happy.
And a warning ….. Being Sad Influences Financial Decisions : Huffington Post.
So please don’t hang on to the worries of Olam International in your stock portfolio or bitch about missing out on the next condo launch.
Alternatives Are Out There
Before you starting blaming the government again. You could consider a wealth arbitrage by moving to say, Germany, where US $85,781 is all that is necessary to be happy or even Hong Kong where 86.4% of the people surveyed considered themselves financially secure.
The South China Morning Post has some advice for Hong Kong folks which could be applied to Singaporeans. link. I agree totally.
A Final Word
I am such a condescending prick ! By all definitions above, I should be in the darn happy camp yet I know so many people up and above me in this so called happy ladder who are unhappier than me.
It is disheartening that Singapore is doing so well by all comparisons too. Most people have it so good here in this little safe haven we call home.
I think I am just looking for an excuse to migrate.
Poverty line in Norway is 215,000 NOK (circa 46,375 SGD). Pre taxed. 29,680 SGD after taxes. The common people earn about 325,000 NOK a year, pre taxed.
Cost of living, skyhigh, like their famous aurora borealis.
BUT they looked so much happier than us. Simple life they lead. Cross country skiing in the winter, berry/mushroom picking in the summer.
Who say happiness is tagged to how much one earns. Though no money is a disaster.
Singaporeans have no emotions lah !!
http://www.washingtonpost.com/blogs/worldviews/wp/2012/11/28/a-color-coded-map-of-the-worlds-most-and-least-emotional-countries/
No need to feel happy or sad !
What! You are earning USD200k per year!
Tell me how please : )
Hi Aaron
And you don’t ? 😉
Time to change job ! Just kidding.
Good luck !!!
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