Top 5% of households in S’pore hold one-third of wealth: Jeffrey Siow

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Singapore's top 1% holds 14% of household wealth; top 5% holds 33%, with wealth inequality (Gini 0.55) higher than income inequality

Gini coefficient for wealth estimated to be 0.55, while that for income was 0.38 after taxes and transfers.

Qn: To what extent should income equality be a goal in your society? (Cam. 2019)