Fewer Singaporeans are able to comfortably spend on things beyond the basics, and more do not have sufficient emergency funds or enough savings to meet their families' needs over the next year, a survey by OCBC found. According to the bank's annual Financial Wellness Index released on Wednesday (Nov 8), just 40 per cent of Singaporeans can afford to spend.
Retirement planning has taken a back seat as inflation makes things more expensive and working adults prioritise debt repayments amid high interest rates, a survey shows.