Think I've been reading the figures wrong. What Credit Suisse is referring to is not the average income per person per year. Rather it's the average value of all the stuff we own individually. But considering that at least 50% of what I own is co-owned by June, my net worth is still nowhere near that estimate. Our rich-poor gap must be huge to hike up our expectation of what 'average' means around here.
Waaaait a second...! I thought I was average, but Credit Suisse has completely ended my delusion. S'pore is the second richest nation in Asia, fourth richest in the world. Average personal wealth per adult is USD255,488 (S$333,462). If this is true, I calculate that I'm just slightly above the poverty line.