Financial insecurity up among S'poreans

Survey: Retirement, 'rainy day' needs top 2 saving priorities

Published Tue, May 20, 2014 · 10:00 PM
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FINANCIAL insecurity among Singaporeans has nearly doubled in the last six months, according to the Investor Attitudes Report released by Friends Provident International (FPI) yesterday.

In an April survey, 36 per cent of Singaporeans indicated that they felt financially insecure, up from 19 per cent in the previous edition of the survey, conducted in October last year. Married couples, however, felt more financially secure than singles - 45 per cent of married couples said they felt financially secure, compared to just 37 per cent of single Singaporeans.

Chris Gill, general manager for South-east Asia at FPI, attributed much of the growing insecurity to external events such as China's economic slowdown and the Ukrainian crisis.

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