44% of Singapore residents in a recent Singlife poll believe they will never achieve financial freedom due to insufficient income, personal/health issues, and job insecurity.
44% of Singapore residents in a recent poll by Singlife believe they will never achieve financial freedom, citing insufficient income, unforeseen personal or health issues, and job insecurity as top reasons. The financial freedom score for Singaporeans is 58 out of 100, down from 60 in 2023. Having children is seen as a major financial hurdle, with respondents estimating a delay of 15 years and requiring over $500,000 for raising a child in Singapore until age 21.
August 26, 2024
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