Women & wealth: for richer or poorer

THE question of wealth is relative. Should one be considered wealthy with investible assets of S$50,000, S$200,000, S$1 million or S$10 million? How much wealth is enough?

Princes and paupers have similar priorities - to amass, grow, enjoy, utilise, invest and preserve wealth to achieve life goals and leave a lasting legacy. "Are you rich or poor?" was the first question a Primary One classmate asked of me. "Neither, and it shouldn't matter," was the glib reply as advised by my mum.

For women, a key priority to build economic resilience for ourselves and our households is financial literacy and inclusion. This applies to developing nations ravaged by the pandemic and even to middle-class, affluent Singapore.