The study, which seeks to understand Singaporeans’ top financial concerns and savings gap surveyed over 1,068 respondents.
Coping with rising cost of living in Singapore is the top (66%) financial challenge among Singaporeans, according to Hong Leong Finance’s (SGX:S41
) (HLF) Consumer Financial Survey 2023.
This is followed by saving enough for retirement or future financial goals (53%) as well as managing daily expenses and budgeting effectively (37%).
