Over a third of Singaporeans' saving habits hit by pandemic: study

Solely 17% say they have been in a position to save extra.

Even the saving habits of Singaporeans have been affected by the COVID-19 pandemic, in response to a research revealed by Singapore-based wealth administration and monetary advisory agency AAM Advisory.

Greater than 33% of respondents imagine their saving habits have been affected, with 25% saying they're now saving much less and 11% having misplaced their revenue totally or can’t save in any respect.

Solely 17% of respondents confidently expressed they've been in a position to save extra amidst the pandemic.

Findings present middle-aged respondents (45–54-year olds) have been impacted probably the most, with 30% mentioning they've needed to lower on financial savings and 12% saying they've misplaced their revenue.

Alternatively, solely 19% of youthful respondents (25–34-year olds) say they’ve been saving much less in the course of the pandemic. Half of them comment their saving habits haven’t modified, or they've been in a position to save extra even in the course of the disaster.