A significant 36% of respondents in Singapore save more than a quarter of their income after accounting for expenses.
SINGAPORE: In a recent survey conducted by Milieu Insight, Singaporeans have emerged as the frontrunners in Southeast Asia for their adept financial management skills, boasting the highest savings rate and displaying a keen interest in investment opportunities.
According to the findings, a significant 36% of respondents in Singapore save more than a quarter of their income after accounting for expenses and debt repayments, surpassing the regional average of 21%. This highlights Singaporeans’ strong propensity for saving and financial prudence. Furthermore, the survey revealed that an impressive 87% of Singaporeans ensure to pay their credit card bills in full every month, demonstrating a remarkable level of financial discipline.In comparison, Malaysia and the Philippines ranked second and third, respectively, with approximately half of respondents diligently meeting their credit card dues.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singaporeans biggest savers in Southeast Asia: surveypemStocks emerged as the most popular investment choice./em/p pSingaporeans are well ahead of their Southeast Asian peers in managing finances proficiently as they were found to be the biggest savers and the most keen to invest in the region, according to a survey by Milieu Insight.
Read more »
International Women's Day: New study to spotlight women in tech across Southeast AsiaA new study out of Singapore will spotlight the crucial role women in tech play across Southeast Asia, in fields ranging from artificial intelligence to quantum computing.
Read more »
Will a potential US ban drive TikTok deeper into the arms of Southeast Asia?Temu, a Chinese cross-border e-commerce app, which is popular in the US currently could benefit if TikTok is banned, said an analyst.
Read more »
Singapore tops Southeast Asia in women-led startup landscapeSingapore also leads the pack in terms of the total amount of funding secured by women-led startups in Southeast Asia.
Read more »
Gen Z pop culture is key to financial literacy in Southeast AsiapCan money talk ever be fun? Maybank says yes./p pLast January, the financial services company awarded Southeast Asian schools and educators that successfully made financial literacy ‘fun’ for kids. Using Maybank’s localised and Gen Z-fied animated series, the programme spells a bright financial future for Southeast Asia’s Gen Alpha.
Read more »
Singaporeans can soon travel to JB without passport through new QR code customs clearance systemThe new initiative aims to enhance the efficiency and convenience of the customs clearance process
Read more »