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02-10-2014, 10:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
NEARLY HALF OF SINGAPOREAN HOUSEHOLDS SUBSISTING FROM PAYCHECK TO PAYCHECK
.node-article .field-name-link-line-above-tags{float: right;}.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;} Post date:
2 Oct 2014 - 9:02pm
http://therealsingapore.com/sites/default/files/styles/large/public/field/image/nnorchard13214e_3.jpg?itok=m1nd3Jab (http://therealsingapore.com/sites/default/files/field/image/nnorchard13214e_3.jpg)
http://i252.photobucket.com/albums/hh29/singaporenewsalternative/leehsienloongpointingfingers_zpsefb36004.jpg
Donch complain. You Voted for This! *hee*hee*
https://s.yimg.com/bt/api/res/1.2/73b.0nL0W1sLOl2lUCHkNg--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9NDA-/http://l.yimg.com/os/672/2012/06/01/sbrlogo-jpg_053506.jpg (http://sbr.com.sg/)
Savings rates are way too low across the island.
Here’s an uncomfortable truth about Singaporean households: a report by CLSA revealed that almost half of households across the islands are saving less than 10% of their monthly incomes, leaving them unable to cope with unexpected financial expenses.
The report revealed that 30% of Singaporean households save less than 10% of their incomes, while an alarming 14% have no savings at all.
Majority of elederly respondents are not saving money during their retirement, as most are focused on enjoying their money during this period. However, a high proportion of residents in their 30s and 40s are also unable to save.
Unsurprisingly, 73% of low-income households are saving less than 10% of their monthly income. However, an unexpected 37% of the top-income bracket is essentially spending everything they earn.
“In our view, as a result of the low savings rate, the high proportion of total wealth in non-liquid assets (eg property, CPF, insurance) and high optimism about future earnings potential, 47% of households do not have enough funds readily available to cope with unexpected financial expense,” stated CLSA.
Source: Singapore Business Review
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?191196-Nearly-half-of-singaporean-households-subsisting-from-paycheck-to-paycheck&goto=newpost).
NEARLY HALF OF SINGAPOREAN HOUSEHOLDS SUBSISTING FROM PAYCHECK TO PAYCHECK
.node-article .field-name-link-line-above-tags{float: right;}.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;} Post date:
2 Oct 2014 - 9:02pm
http://therealsingapore.com/sites/default/files/styles/large/public/field/image/nnorchard13214e_3.jpg?itok=m1nd3Jab (http://therealsingapore.com/sites/default/files/field/image/nnorchard13214e_3.jpg)
http://i252.photobucket.com/albums/hh29/singaporenewsalternative/leehsienloongpointingfingers_zpsefb36004.jpg
Donch complain. You Voted for This! *hee*hee*
https://s.yimg.com/bt/api/res/1.2/73b.0nL0W1sLOl2lUCHkNg--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9NDA-/http://l.yimg.com/os/672/2012/06/01/sbrlogo-jpg_053506.jpg (http://sbr.com.sg/)
Savings rates are way too low across the island.
Here’s an uncomfortable truth about Singaporean households: a report by CLSA revealed that almost half of households across the islands are saving less than 10% of their monthly incomes, leaving them unable to cope with unexpected financial expenses.
The report revealed that 30% of Singaporean households save less than 10% of their incomes, while an alarming 14% have no savings at all.
Majority of elederly respondents are not saving money during their retirement, as most are focused on enjoying their money during this period. However, a high proportion of residents in their 30s and 40s are also unable to save.
Unsurprisingly, 73% of low-income households are saving less than 10% of their monthly income. However, an unexpected 37% of the top-income bracket is essentially spending everything they earn.
“In our view, as a result of the low savings rate, the high proportion of total wealth in non-liquid assets (eg property, CPF, insurance) and high optimism about future earnings potential, 47% of households do not have enough funds readily available to cope with unexpected financial expense,” stated CLSA.
Source: Singapore Business Review
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?191196-Nearly-half-of-singaporean-households-subsisting-from-paycheck-to-paycheck&goto=newpost).