SINGAPORE - How has the Singapore household changed over the last five years? Here are 12 interesting findings from the Household Expenditure Survey 2012-2013. The survey is conducted by the Department of Statistics every five years.
1. We are earning more as a family
The average monthly household income was $10,503, up from $8,105 five years before.
2. Our income is growing faster than prices in general
Household incomes rose an average of 5.3 per cent a year in dollar terms, keeping ahead of inflation, which averaged 3.1 per cent a year.
3. We are earning more than we are spending
Our income is growing faster than our spending. Average household spending rose only 4.4 per cent, to $4,724 a month.
4. Which group's income is growing the fastest?
Households at the bottom saw their incomes rising the most. The average income of the bottom fifth rose 6.6 per cent a year, to hit $2,022. Those in the top fifth had income growth of just 4.7 per cent a year.
5. Where is our income coming from?
We are getting more money from our jobs, but also from other sources.
For those at the top, their non-work gains came from rental and investments.
6. We are spending more
For all income groups, expenditure rose more in the last five years than in the five years before.
7. ...And it's not just because of higher prices
It's also because we're spending more on higher quality goods and services, such as dining out in restaurants. 34.9 per cent of our food expenditure is spent in restaurants, cafes and pubs, up from 26.8 per cent in the five years before.
8. ...But we still love our kopi-o and chicken rice
Of all the money we spend on food, most is still spent in hawker centres, food courts and coffee shops - 57.7 per cent.
9. What are we spending most on?
The average household spends $1,188 a month on food, $811 on transport, $154 on package tours and holidays, $138 on other recreational and cultural pursuits, and $156 on clothes and footwear.
10. Almost everyone has a mobile phone
Ninety-seven per cent of households own a mobile phone, compared to 94.5 per cent five years ago and 88.8 per cent 10 years ago. This rise is across the board - higher proportion of lower income households, as well as those in one- and two-room HDB flats, are now owners of mobile phones.
11. Who still uses residential phone lines?
Residential telephone lines are going out of fashion. In 2012 to 2013, 82.2 per cent of households had residential telephone lines, down from 88.3 per cent five years ago and 93.1 per cent 10 years ago.
12. Laptops and tablets are in, desktops are out
More people own computers but they prefer laptops and tablets to desktops. Forty per cent of households have only laptops or tablets compared to 16 per cent five years ago. Ownership of desktops meanwhile has dropped from 61 per cent to 43 per cent.