Why a savings account alone is not enough to achieve your financial goals

SINGAPORE (Oct 29): Singapore’s emerging affluent are still far from achieving their top financial goals with their current wealth management strategies, finds a recent study commissioned by Standard Chartered Bank.

The Emerging Affluent Study 2018 – Climbing the Prosperity Ladder is the culmination of 11,000 emerging affluent consumers’ views from 11 markets across Asia, Africa and the Middle East.

Out of the 1,000 polled in Singapore, the top three financial goals in the city state were revealed to be children’s education (44%), an investment property (22%), and funds to set up one’s own business (22%).

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