In 2019, OCBC started this Financial Wellness Index to understand the financial health of Singaporeans. They have four years of data. But I just hope that they can present more coherently. You can review the past survey results here, and you may wish that much of the data presented in 2022 could build from the 2021 or 2019 data. There are probably four areas in the 2022 results that caught my eye.

1. A Sizable Number of Singaporeans Often Pay Only the Minimum Sum on their Credit Card Debt

The slides below show the state of personal loans, which includes credit card debt of those surveyed: The data is so incoherent from 2021 that we cannot really tell much of a trend. For reference, here is the slide from the 2021 Wellness report: In 2022 report, they break it down by income level, yet in 2021, they break it down by age. The only thing we can tell is that...