According to a survey conducted by Rakuten Insight in March 2023 in Singapore, about 76 percent of respondents aged 55 years and above stated that rising inflation affected their ability to pay for basic necessities such as food, clothing, and healthcare. In comparison, 44 percent of respondents in the same age group reported that they were unable to save due to inflation.
Impact of inflation on basic household expenditure in Singapore as of March 2023, by age
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Rakuten Insight. (April 12, 2023). Impact of inflation on basic household expenditure in Singapore as of March 2023, by age [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1380308/singapore-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight. "Impact of inflation on basic household expenditure in Singapore as of March 2023, by age." Chart. April 12, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1380308/singapore-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight. (2023). Impact of inflation on basic household expenditure in Singapore as of March 2023, by age. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1380308/singapore-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight. "Impact of Inflation on Basic Household Expenditure in Singapore as of March 2023, by Age." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1380308/singapore-inflation-effect-on-household-expenditure-by-age/
Rakuten Insight, Impact of inflation on basic household expenditure in Singapore as of March 2023, by age Statista, https://www.statista.com/statistics/1380308/singapore-inflation-effect-on-household-expenditure-by-age/ (last visited December 22, 2024)
Impact of inflation on basic household expenditure in Singapore as of March 2023, by age [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1380308/singapore-inflation-effect-on-household-expenditure-by-age/
