Serious Almost Time To Receive CPF Interest For 2021! How Much Left In Oppies CPF?

[eatshitndie]

For 65 years and above:
Median balance is <$100k
75 pct of the balances is <$300k

Are we better off than the Americans?

69% of americans have no savings accounts, $0 in their accounts if they have, and less than $1000 if they save.

 

[winners]

Oppies like to compare PAP against other countries whenever they scold the PAP.

Jiuhu's EPF gives 6% returns vs CPF's 2.4% for OA.
Jiuhu's housing prices are 1/3 of Singapore
Batam's cost of living is so low compared to Singapore.
Australia is such a good place to migrate to blah blah blah

Funny that we don't see oppies complaining how high their salaries are compared to the average ASEAN worker in their own countries or how most ASEAN currencies have depreciated over the years compared to the Sing dollar.

 

[winners]

200k min sum set aside for old age. 100k in SA earn interest..300k in OA earn interest. 700k cash on hand to spend. Leetire by 55 no loan no car simple life

Oppies will tell you that this is a ponzi scheme. The young subsidizing the old.

 

[sweetiepie]

Oppies will tell you that this is a ponzi scheme. The young subsidizing the old.

On a fair view my uncle think that they are using the young to subsidize the old too so we can appreciate it onlee when we are 50 onwards however my uncle also think that MA % allowable usage should be leeadjusted according to age I.e when we are 65 onwards there shouldn't be held and allowed to use freelee else it leelee appear to be ponzi.

 

[sweetiepie]

On a fair view my uncle think that they are using the young to subsidize the old too so we can appreciate it onlee when we are 50 onwards however my uncle also think that MA % allowable usage should be leeadjusted according to age I.e when we are 65 onwards there shouldn't be held and allowed to use freelee else it leelee appear to be ponzi.

Capping MA usage leegardless of age to $700 per year for chronic disease programme cdmp is bullshit .How many times of $700 can sinkie use?

 

[gingerlyn]

Life is about comparing.

Compare who got the best PSLE grade
Compare who got the best schools
Compare who got the best degrees
Compare who got the best income
Compare who got the biggest HDB
Compare who lives in the best estate
Compare who got the highest position
Compare who got more money
Compare who got the most CPF

and finally....dead, before you understand what life is.

Look at LSS and TCH. They cannot save their wife with so much amount of wealth sitting around. Eventually it will still come back to bite them to the dust.

No matter how rich they are, their coffin size is the same

 

[eatshitndie]

No matter how rich they are, their coffin size is the same

6.9’ by 36.9” by 26.9”?

 

[sweetiepie]

For 65 years and above:
Median balance is <$100k
75 pct of the balances is <$300k

Are we better off than the Americans?

Everybody checking their interest until website exploded

 

[sweetiepie]

Fighting covid19 now is verlee important top priority now after achieving cash & cpf targets

 

[nightsafari]

View attachment 129664

that's a great chart. And the amounts are seriously impressive. But go tell the chart maker that No. of members y axis title should be changed. It's not number. It's percentage or proportion.

 

[nightsafari]

most of the time these kind of comparison are meaningless. it depends on the issue being discussed and the various characteristics of the countries.

for your thread , i would ask : is the money still there ?

To add to your point. Having nominal numbers without having purchasing power is meaningless. Even if the money is still there, if you have 10x more but everything costs 20x more, you're on the losing end.

 

[nightsafari]

For 65 years and above:
Median balance is <$100k
75 pct of the balances is <$300k

Are we better off than the Americans?

in terms of hard $$$, sinkies are better off than Americans.

 

[nightsafari]

69% of americans have no savings accounts, $0 in their accounts if they have, and less than $1000 if they save.
View attachment 130260

The shocking thing is how few have actually meaningful savings.

 

[sweetiepie]

KNN the interest My uncle leeceived is more than my uncle's employee + employer contribution for the whole year wtf KNN with a soon par.

 

[sweetiepie]

Time to countdown to another near 20k into pocket
Note that it will be into my uncle pocket soon becas my uncle already set aside the cpf min sum long ago

 

[ChinaCommunistSG]

Akan datang

 

[batman1]

Zorro will be very excited to ecstasy. So much money received every year for cho-bo-lan. Shiok !

 

[ChinaCommunistSG]

It is the time for @JohnTan to send this message again

 

[bobby]

Most Ponzi MO is to pay you the agreed interest earned to pacify you…