pstrongInequality rose by 22.9% between 2008-2023./strong/p pWealth inequality in Singapore has surged by almost 30% from 2008 to 2023, surpassing that of Asia-Pacific neighbours, including Indonesia, Hong Kong, Taiwan, and Mainland China./p pThe UBS Wealth Report 2024 measures the level of a href="https://sbr.com.
Wealth inequality in Singapore has surged by almost 30% from 2008 to 2023, surpassing that of Asia-Pacific neighbours, including Indonesia, Hong Kong, Taiwan, and Mainland China.UBS clarified that rising inequality in Singapore doesn't mean the inhabitants in the nation are"worse off" than those in Hong Kong SAR, where inequality has decreased by nearly 6%.
“Inequality benefits from being combined with absolute wealth levels to paint a comprehensive picture of a society's wealth profile,” UBS said.Between 2008 and 2023, Singapore recorded an average wealth growth of 116%. The average wealth of adults in Singapore is US$397,708. Meanwhile, the number of USD millionaires in Singapore has reached 33,204 in 2023 and is expected to increase by 13% to 375,725 in 2028.Since you're here...
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