Singapore's disposable income per household set to rise 4.3% to $220K annually until 2030

This is despite expected moderate growth in middle-class population.

A recent study by the Economist Intelligent Unit (EIU) is projecting the number of middle class households in ASEAN to more than quadruple, rising from more than 38m in 2015 to 161m in the next 15 years.

In contrast however, the study said that the growth rate of Singapore's middle-class population in 2015-30, in real terms, is projected to be a modest 1.3%, compared with over 7% for Indonesia’s Bandung (7th) and Surabaya (8th), which are experiencing rapid expansion, albeit from a lower base.

However, there is no question that Singapore punches well above its weight.

According to EIU, the city state’s real disposable income per household is expected to expand by 4.3% a year on average in 2015-30 to end the next decade at US$160,217 (S$219,542)22 , ensuring sustained demand for goods and services aimed at the premium, high-net-worth market.

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