Singaporeans slashed savings during the pandemic
Just 17% were able to save more The vast majority of Singaporeans were unable to set aside money during the outbreak of covid-19, a survey of 1,000 people conducted on behalf of Quilter found. Just 17% claimed they were able to save more. Over a third said covid impacted their savings, and 25% revealed that they now save less, with 11% losing their income and not being able to save at all. The most affected age group was 45-54-year-olds, which saw 30% forced to reduce the sums they used to put towards their savings, with an additional 12% saying they lost their income. At the same time, the ...