Singapore tops financial literacy index, beating 17 Asian markets

Singapore

SINGAPORE topped the Mastercard Index of Financial Literacy for the first time in 2015 since the survey began in 2010, coming ahead of the 17 Asia-Pacific markets polled. With an overall score of 71.3 index points, Singapore moved up from sixth place in the previous survey to replace Taiwan in the top spot.

Said Mastercard Singapore group head and general manager Deborah Heng: "The improvement in financial literacy in Singapore is encouraging, with more people realising the importance of budgeting, financial planning and managing their money better."