Written Answer by Mr Lim Swee Say on breakdown of CPF balances by gender and age groups
Notice Paper No. 93 Of 2016 For The Sitting On Or After 15 Mar 2016 Question No. 79 For Written Answer
MP: Ms Foo Mee Har
To ask the Minister for Manpower how does the average CPF balances of members vary by gender and what is the breakdown of gender differences by the respective age groups.
Answer
- In 2015, the average net CPF balances1 of males and females across all ages was $86,000 and $76,000 respectively. The difference between male and female CPF balances has narrowed from 21% in 2005 to 14% in 2015.
- Table 1 shows the male-to-female ratio of average net CPF balances across different age groups. The male-to-female ratio is lower for younger age groups and increases for older age groups.
Table 1: Male-to-female ratio of net CPF balances by age group, 2015
|
Age Group
|
25-30
|
31-35
|
36-40
|
41-45
|
46-50
|
51-54
|
|
Male-to-female ratio of CPF balances
|
0.82
|
1.02
|
1.05
|
1.10
|
1.17
|
1.14
|