Friday, November 21, 2014

How Much Is Our Money Shrunk In value In Singapore? (Infographic)

Value of moneyTGIF! Before we let our hair down and chill out in a couple of hours time, let's talk about some taboo topic : MONEY!
 
We all know that inflation is the main reason why our MONEY shrank in value by days. That's also the reason why we are prepared to take a bit of the risk to invest in stocks or any other instruments, with the aim to yield a returns that's higher than the inflation rate. Minimally, to preserve the value of our money for as long as possible.
 
To look at the impact of the inflation from a layman perspective, it is easier to dissect it at the place that hit us most i.e. the expenses. Recently, I chanced upon an infographic from fivestarsandamoon.com depicting the effect vividly.
 
Check out the infographic below to feel the pinch:

infographic on the expenses in singapore
 
So what can you deduce from the above infographic?

On average, the expenses will increase by almost 100% for every 10 years! (except for some controlled items).

Sounds scary right?
 
Cheers! 

9 comments:

  1. Hi Richard,

    Nice infographic. =)

    To be fair, except for housing prices, the annual inflation rate for all the other items are below 5% from 2000 to 2012.

    So not that bad?

    ReplyDelete
    Replies
    1. Got salary adjustment. Not so scary.

      Scary for retirees.

      Delete
    2. My 15HWW : luckily the other more important expenses like daily out daily bread and butter are controlled price, so not so xiong..

      Cw8889 : ya lor, but the average increment is Singapore just enough to cover the annual inflation, unless got promotion etc...lol

      Delete
    3. If bread did not increase its price how to account to qaf shareholders? Kekeke

      Delete
    4. B : hahahaha.. Sure have increase lar, just that not as high... ;-)

      Delete
  2. The more "luxury" items like taking Taxi and Movie will be 7% inflation annualized. Chicken rice too. :)
    The rest probably around 4%-5%. While i like to say there is large elements of developing nation growth during the 1990s which may skew the numbers a little i could not see clear evidence of examples here. nice work. Hope we can see more investigation. Once thing is we may need to add more buffer to our retirement package size if indeed is true.

    ReplyDelete
    Replies
    1. Cory : I think generally it is true ;-) so quick quick add more buffer to ur retirement package Liao lol

      Delete
  3. Great infographic, will be sharing the link to others!

    ReplyDelete
    Replies
    1. RetailTrader : thanks for dropping! Thanks for sharing the link

      Delete

Like What You See? Subscribe To Us Here...

* indicates required