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Many Singaporeans think that they are better off than Malaysians because they earn say 3,000 SGD while the Malaysians earn 3,000 RM and the SGD is more than 3 times higher than RM.
They overlook one important point.
The cost of housing and private cars in Singapore is high. The disposable income for food may be only 20% or say 600 SGD
The cost of housing and private cars in Malaysia is much lower, which means that they have a higher disposable income to pay for their food. I think it could be 40%
Another factor is the same food that costs RM 12 will not cost $3.50 in Singapore but may cost $8. After allowing for the lower disposable income, the Singaporean is likely to struggle with the cost of food, in the same way that the Malaysians have to struggle with higher costs.
This is my observation. I may be wrong.