Yesterday, OCBC put out what they called the “first time such a comprehensive study of Singaporeans’ state of financial health has been conducted”.
They call it the Financial Wellness Index.
I thought a few companies have done studies like this, but I could be wrong. I do have poor memory at this age.
Nevertheless I do appreciate data like this, especially now that I am in a job that needs to look at things like this.
I wanna see whether there are more interesting data points and the more detailed report (my boss was surprised 37 slides is a detailed report)
Here are some interesting things picked out:
Majority of us are still behind in terms of the financial wellness index Our savings rate looks high at 26% 70% have a budget set and stuck to it 18% do not invest yet have passive income (how is this possible?) 52%...
