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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
4,221 posts
Posted by ks55 > 2014-11-14 10:09 | Report Abuse
Sources of income inequality easily obtained from income tax department (HDN) and EPF.
Different categories needed to make meaningful comparison:-
1. Wage earner
2. Self employed like hawker
3. Businessman
Household income carry less accurate picture compare with individual income. Reasons:-
1. Single (male/female) staying separately from parents
2. Young couples both are working
3. Working children staying with parents
You see, one person working it is definitely earn less than two working.
Moreover, household income changes when new family member start working or retire.
Today the household income could be 200k.
If one child start working tomorrow and adds 50k, Household income then is 250k.
If one retire, household income becomes 100k.