Personal Finance
25% of Young Singaporeans have less than $6000 savings? – Questionable Survey!
By Investment Moats  •  August 14, 2014
There are some surveys that are made to spread awareness about the services that they provide. This survey seems like one of them. I was first alerted to this survey by my friend, published in Singapore Business Review: Disaster in the making: 4 out of 5 young Singaporeans have no savings That is a sweeping statement to make. It is bound to perk up all our attention. Are Singaporeans between the age of 20 to 35 years old that bad? The survey alludes:
  • 25% of young Singaporeans have less than $6000 in savings
  • 36% have no savings at all
  • 4/5 said they spend money which are suppose to be put aside for mortgage insurance
  • Only 1/3 of people plan to buy a home than to rent
Before you get shocked, take a look at the people conducting the survey: 25% of Young Singaporeans have less than $6000 savings?   Questionable Survey! U59bzaw Take a look at the services that the people doing the ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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