$7 pay per hour
By scheng1
@scheng1 (24649)
Singapore
November 26, 2015 6:59am CST
Sometimes I wonder how the lower income group manages to survive.
Many of them are in jobs that make just $7 pay per hour.
If you think that is a good rate, you should think about the cost of home ownership here.
The price of a small apartment in the open market cost about a third of a million dollars.
Even if you rent just a small room, you are going to pay more than $700.
At the rate of earning just $7 pay per hour, you will make just $280 per week. That is not enough for a single room rental.
The disposable income is lower than $280, since there are mandatory deductions. The actual income is about $200.
That is why I find it amazing that some of them still manage to save up a decent sum of money.
5 people like this
6 responses
@Blondie2222 (28610)
• United States
29 Nov 15
Some people do it and they just live pay check to pay check just to get buy. I don't make a whole lot at my job but i make enough to still have what i need.
1 person likes this
@crossbones27 (52905)
• Mojave, California
26 Nov 15
It has to be friends and family getting them through, A tiny few may have inherited a place to live and that would the only other way I can see. I think that is why so much hate talk about poor people taking advantage of the system. Never got that. It sounds more like the system is taking advantage of most working people even if you do make a good income. Most likely you are helping family members not making a good income.
1 person likes this
@scheng1 (24649)
• Singapore
27 Nov 15
Over here, the public apartments are on lease hold.
There is practically no way for anyone to pass on a house for generations after generations.
I think those who manage to inherit freehold properties are very fortunate. We do not have much of those.
1 person likes this
@cherriefic (10399)
• Philippines
9 Jan 16
That's a very small rate to live by. They must have another job if that's the case
