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03-07-2013, 10:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Excellent job PAP!
Quote:
A StanChart finding released this week shows Singaporean households are among the most indebted in Asia - relative to their earnings.
Households borrowed worth 151 per cent of their annual income last year, second only to Malaysia which had a debt of 182 per cent to income - the highest in the region.
In other words, for a household with an annual total household income of $100,000, there were $251,000 worth of borrowings.
However, thanks to attractive low interest rates, debt servicing remains robust despite of the levels of debt.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?156056-Why-many-Sinkies-will-die-if-interest-rate-goes-up&goto=newpost).
Excellent job PAP!
Quote:
A StanChart finding released this week shows Singaporean households are among the most indebted in Asia - relative to their earnings.
Households borrowed worth 151 per cent of their annual income last year, second only to Malaysia which had a debt of 182 per cent to income - the highest in the region.
In other words, for a household with an annual total household income of $100,000, there were $251,000 worth of borrowings.
However, thanks to attractive low interest rates, debt servicing remains robust despite of the levels of debt.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?156056-Why-many-Sinkies-will-die-if-interest-rate-goes-up&goto=newpost).