According to a survey on spending habits in Singapore in light of the hike in goods and services tax (GST) conducted in February 2022, more than 50 percent of respondents who said that they would maintain or reduce their spending, stated that they would cut down on dining out and buying take-away. Cutting back on food expenditure, be it dining out or food delivery orders, were the leading ways in which Singaporean consumers planned to reduce their spending.
Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022
Original question: Where would you likely cut back on spending in the next 12 months of the GST increase? This could include making fewer purchases or switching to a cheaper model/brand of items you were planning on buying. Please select all that apply.
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YouGov. (February 16, 2022). Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1331718/singapore-leading-areas-to-reduce-spending/
YouGov. "Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022." Chart. February 16, 2022. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1331718/singapore-leading-areas-to-reduce-spending/
YouGov. (2022). Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1331718/singapore-leading-areas-to-reduce-spending/
YouGov. "Leading Areas to Cut Back on Spending in The next 12 Months in Singapore as of February 2022." Statista, Statista Inc., 16 Feb 2022, https://www.statista.com/statistics/1331718/singapore-leading-areas-to-reduce-spending/
YouGov, Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022 Statista, https://www.statista.com/statistics/1331718/singapore-leading-areas-to-reduce-spending/ (last visited November 03, 2024)
Leading areas to cut back on spending in the next 12 months in Singapore as of February 2022 [Graph], YouGov, February 16, 2022. [Online]. Available: https://www.statista.com/statistics/1331718/singapore-leading-areas-to-reduce-spending/
