Singapore/Singaporeans Rich?

3 August 2026 (first drafted)

UBS (The Europe-based bank) has this table (2025 figures/estimates):

 

From the table, on the basis of Average Wealth, the US has the second wealthiest adults, just below Switzerland.

Singapore is 6th, based on Average wealth.

But... But... But... 

Haven't we been TOLD that we are practically the WEALTHIEST country or close to the WEALTHIEST, and that Singapore is Wealthier than the US and the UK?

You must mean the IMF figures for GDP per Capita based on Purchasing Power Parity (PPP)?

Yes. That shows Singapore as number 2 or 3. (See Table below.)

Except...

That's the figure for GDP per Capita (PPP).

But... that's the same as "wealth" right?

As this Youtube video explains, no, GDP per Capita is NOT the same as income or wealth, and Average wealth in a country is NOT the same as Median wealth in a country.

As the video explains, Average wealth can be skewed by many millionaires and billionaires in the population. They would pull up the average. 

Median wealth measures the value at the 50th percentile of the population.

Old lady kneeling in the rain as LKY cortege passes

 From 2015.

Is Singapore a good place to retire to?

This is a question, and my answer for non-Singapore citizens (or residents) considering retiring to Singapore.

The short answer is: No.

How Singapore became an oil-refining hub.

 Singapore has no oil resources as in we do not have oil fields to drill for oil.

But Singapore is a Petro-Giant. 

How Singapore became a Petro-giant (Asianometry)

Population, Foreigners, and the TFR

[Drafted Feb 2018)

In Oct 2014, at NUS Society, PM Lee gave a speech on Singapore at this inflexion point. And he made some comments about Singapore's population policy.

First, let's do some math.

[Warning: Heavy computation ahead.]

How the PAP will lose power

Video: Ex-Brit tells the Truth about Singapore's Politician 

Every General Election is for the People's Action Party (PAP) to lose, not for the opposition to win.

Because, the majority of Singaporeans are generally content with the status quo (PAP in power) and are not voting for an overthrow of the PAP govt. 

ChatGPT answers: "How would the PAP lose a General Election in Singapore?"

Oct 1, 2023 (first drafted)

ChatGPT answer:

The People's Action Party (PAP) has been the dominant political party in Singapore since the country gained independence in 1965. However, like any political party, there are several factors and scenarios that could lead to the PAP losing a general election in Singapore. Here are some key factors that could contribute to such an outcome:

Economic Downturn: A significant economic downturn or recession could lead to voter dissatisfaction with the PAP, as they have long been associated with Singapore's economic success. If the economy falters, voters may be more inclined to consider alternative parties.