kevinhuang wrote:around 30% per worker according to the gov statistics, but nearly 2 M househould are negative saving
which means there is a huge income gap between rich and poor.
that's why atomsphere in this society now is furious to KMT.
So roughly 6000 to 10000 ntd per month in savings? Percentage wise, 30% is good, but in actual amount, that's not good (200 to 350 USD)
Yeah but it's all relative right? A top 1% salary in the US is about 450,000 USD a year, where as a top 1% salary worldwide is about 35,000 USD a year. So exchanging Taiwan savings back into US dollars, of course it's going to sound low. But Taiwan has an average monthly income roughly 3.5 times lower than the US does.
Saving 30% a month is amazing, even though 9600 NT a month doesn't sound like much. It's a lot better than most other countries...
The problem comes in when Taiwanese people want to spend like they have an American salary. Purses, clothes, cars, lobster dinners, and pretty much any non essential item will cost as much or more here than it does in the US. So when a young girl in the US buys an LV bag for 2000$, given her salary is likely 3500 a month it doesn't completely break the bank. Not advisable, but not the end of the world. When a young girl in Taiwan buys the same LV bag for 2000$, but her monthly salary is 1000$, now we have a major problem.....
headhonchoII wrote:Taiwan also has an exceptional number of millionaires.
Yes now, in the current generation. But give these spoiled rich kids one or two more generations of spending the shit out of their parents money without adding or building to it and watch how fast that ends...